Tax exemption under section 10(23C)(iv): notification imposes income application, investment form limits, and business income conditions. Notification grants tax-exempt status to Institute of Public Assistance, Goa under sub-clause (iv) of clause (23C) of section 10, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted forms except for voluntary contributions retained in kind, and excluding business profits from exemption unless incidental to the institution's objectives and maintained in separate books of account.
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.
Tax exemption under section 10(23C)(iv): notification imposes income application, investment form limits, and business income conditions.
Notification grants tax-exempt status to Institute of Public Assistance, Goa under sub-clause (iv) of clause (23C) of section 10, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted forms except for voluntary contributions retained in kind, and excluding business profits from exemption unless incidental to the institution's objectives and maintained in separate books of account.
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