Tax exemption notification requires Delhi Golf Club to apply and invest its income under specified conditions for specified years. Notification grants tax exemption under clause (23) of section 10 to Delhi Golf Club Ltd. for specified assessment years, conditional on applying or accumulating income solely for its objects as per section 11 (as modified), investing or depositing funds only in permitted forms, not distributing income to members except as grants to affiliated bodies, and excluding business profits from the exemption unless incidental and accounted for separately.
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 requires Delhi Golf Club to apply and invest its income under specified conditions for specified years.
Notification grants tax exemption under clause (23) of section 10 to Delhi Golf Club Ltd. for specified assessment years, conditional on applying or accumulating income solely for its objects as per section 11 (as modified), investing or depositing funds only in permitted forms, not distributing income to members except as grants to affiliated bodies, and excluding business profits from the exemption unless incidental and accounted for separately.
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