Charitable recognition under section 10(23C)(iv) subject to exclusive application of income and prescribed investment and business conditions. Notification under section 10(23C)(iv) recognises Khelaghar for specified assessment years provided the assessee applies or accumulates income solely to its objects, confines investments to forms specified for charitable entities (excluding certain voluntary contributions held in tangible form), and excludes business profits from the notification unless such business is incidental to the objects and accounted for 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.
Charitable recognition under section 10(23C)(iv) subject to exclusive application of income and prescribed investment and business conditions.
Notification under section 10(23C)(iv) recognises Khelaghar for specified assessment years provided the assessee applies or accumulates income solely to its objects, confines investments to forms specified for charitable entities (excluding certain voluntary contributions held in tangible form), and excludes business profits from the notification unless such business is incidental to the objects and accounted for in separate books.
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