Income-tax exemption under section 10(23C)(iv) granted to an institution, subject to exclusive use of income and investment limits. Notification grants income-tax exemption under sub-clause (iv) of clause (23C) of section 10 to Bharatiya Vidya Bhavan, Mumbai for assessment years 1999-2000 to 2001-2002, subject to: (1) exclusive application or accumulation of income for its objects; (2) restriction on investments or deposits except in forms specified in subsection (5) of section 11 and limited treatment of voluntary contributions as jewellery or furniture; and (3) exclusion of business income unless incidental to objectives with separate books maintained.
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.
Income-tax exemption under section 10(23C)(iv) granted to an institution, subject to exclusive use of income and investment limits.
Notification grants income-tax exemption under sub-clause (iv) of clause (23C) of section 10 to Bharatiya Vidya Bhavan, Mumbai for assessment years 1999-2000 to 2001-2002, subject to: (1) exclusive application or accumulation of income for its objects; (2) restriction on investments or deposits except in forms specified in subsection (5) of section 11 and limited treatment of voluntary contributions as jewellery or furniture; and (3) exclusion of business income unless incidental to objectives with separate books maintained.
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