Section 10(23) notification grants tax-exempt status to Tamil Nadu Cricket Association subject to specified compliance conditions. Notification under section 10(23) notifies the Tamil Nadu Cricket Association, Madras, for specified assessment years subject to conditions: apply or accumulate income per section 11(2) and (3) as modified by clause (23); restrict investments or deposits to forms/modes in section 11(5) except certain voluntary contributions maintained in tangible form as may be notified; prohibit distribution of income to members except grants to affiliated bodies; and exclude business profits unless incidental to objectives with separate books maintained.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 10(23) notification grants tax-exempt status to Tamil Nadu Cricket Association subject to specified compliance conditions.
Notification under section 10(23) notifies the Tamil Nadu Cricket Association, Madras, for specified assessment years subject to conditions: apply or accumulate income per section 11(2) and (3) as modified by clause (23); restrict investments or deposits to forms/modes in section 11(5) except certain voluntary contributions maintained in tangible form as may be notified; prohibit distribution of income to members except grants to affiliated bodies; and exclude business profits unless incidental to objectives with separate books maintained.
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