Tax exemption under section 10(23) notified for Jawaharlal Nehru Hockey Tournament Society, subject to application and investment conditions. Notification under clause (23) of section 10 grants tax-exempt status to the Jawaharlal Nehru Hockey Tournament Society subject to conditions: income must be applied or accumulated exclusively for its objects in line with section 11 rules; accumulations and investments must be in permitted forms; funds cannot be distributed to members except as grants to affiliated associations or institutions; and business income is excluded 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 under section 10(23) notified for Jawaharlal Nehru Hockey Tournament Society, subject to application and investment conditions.
Notification under clause (23) of section 10 grants tax-exempt status to the Jawaharlal Nehru Hockey Tournament Society subject to conditions: income must be applied or accumulated exclusively for its objects in line with section 11 rules; accumulations and investments must be in permitted forms; funds cannot be distributed to members except as grants to affiliated associations or institutions; and business income is excluded unless incidental and maintained in separate books.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
