Central Government specifies Exchange Risk Administration Fund set up by the Power Finance Corporation Limited, a public financial institution u/s 10(23E) - S.O.1306 - Income Tax Act, 1961
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Specification of Exchange Risk Administration Fund recognizes the fund as qualifying for tax treatment under section 10(23E). The Central Government, under clause (23E) of section 10 of the Income-tax Act, specifies the Exchange Risk Administration Fund set up by Power Finance Corporation Limited as qualifying for the purposes of that clause, identifying Power Finance Corporation as a public financial institution notified under the Companies Act and thereby effectuating statutory recognition for the fund's tax treatment.
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.
Specification of Exchange Risk Administration Fund recognizes the fund as qualifying for tax treatment under section 10(23E).
The Central Government, under clause (23E) of section 10 of the Income-tax Act, specifies the Exchange Risk Administration Fund set up by Power Finance Corporation Limited as qualifying for the purposes of that clause, identifying Power Finance Corporation as a public financial institution notified under the Companies Act and thereby effectuating statutory recognition for the fund's tax treatment.
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