Charitable notification: Sundaram Charities granted income-tax exemption subject to exclusive application of income and specified investment limits. Notification under sub-clause (v) of clause (23C) of section 10 notifies Sundaram Charities, Madras, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; investments and deposits of funds are limited to permitted modes, with voluntary contributions allowed in tangible forms; and business income is excluded unless incidental to objects and recorded 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.
Charitable notification: Sundaram Charities granted income-tax exemption subject to exclusive application of income and specified investment limits.
Notification under sub-clause (v) of clause (23C) of section 10 notifies Sundaram Charities, Madras, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; investments and deposits of funds are limited to permitted modes, with voluntary contributions allowed in tangible forms; and business income is excluded unless incidental to objects and recorded in separate books of account.
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