Tax Exemption Notification: charitable association recognized subject to exclusive income application and specified investment and business conditions. Notification recognizes the association for exemption under sub-clause (v) of clause (23C) of section 10 for assessment years 1990-91 and 1991-92, subject to conditions: exclusive application or accumulation of income for its objects; investment or deposit restrictions during the relevant previous years except in modes specified in section 11(5) and excluding certain voluntary contributions; and exclusion of business income unless incidental and maintained in separate books.
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: charitable association recognized subject to exclusive income application and specified investment and business conditions.
Notification recognizes the association for exemption under sub-clause (v) of clause (23C) of section 10 for assessment years 1990-91 and 1991-92, subject to conditions: exclusive application or accumulation of income for its objects; investment or deposit restrictions during the relevant previous years except in modes specified in section 11(5) and excluding certain voluntary contributions; and exclusion of business income unless incidental and maintained in separate books.
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