Tax exemption recognition for Sundaram Charities under charitable institution rules, subject to application and investment conditions. Central Government notifies Sundaram Charities, Madras, under section 10(23C)(v) for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to charitable objects; investments must be limited to modes permitted under section 11(5) (except specified voluntary contributions held in kind); and business income is excluded unless incidental 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.
Tax exemption recognition for Sundaram Charities under charitable institution rules, subject to application and investment conditions.
Central Government notifies Sundaram Charities, Madras, under section 10(23C)(v) for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to charitable objects; investments must be limited to modes permitted under section 11(5) (except specified voluntary contributions held in kind); and business income is excluded unless incidental and recorded in separate books of account.
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