Tax exemption notification: extends notified status to a charitable society subject to exclusive income application and investment limits. Notification grants tax-exempt recognition to the Royal Commonwealth Society for the Blind, Bombay for specified assessment years, conditional on applying or accumulating income exclusively for its objects; restricting investments to modes specified in subsection (5) of section 11 (except certain voluntary contributions in kind); and excluding business income 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.
Tax exemption notification: extends notified status to a charitable society subject to exclusive income application and investment limits.
Notification grants tax-exempt recognition to the Royal Commonwealth Society for the Blind, Bombay for specified assessment years, conditional on applying or accumulating income exclusively for its objects; restricting investments to modes specified in subsection (5) of section 11 (except certain voluntary contributions in kind); and excluding business income unless incidental to objectives with separate books maintained.
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