Section 10(23C)(iv) notification grants trust tax exemption subject to exclusive application of income and investment restrictions. Notification under section 10(23C)(iv) applies to Sir Dorabji Tata Trust for the assessment years 1999-2000 to 2001-2002, provided the trust applies or accumulates its income wholly and exclusively to its objects, confines investments and deposits to prescribed modes for charitable funds (excluding voluntary contributions held in kind), and excludes business profits unless such business is incidental 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.
Section 10(23C)(iv) notification grants trust tax exemption subject to exclusive application of income and investment restrictions.
Notification under section 10(23C)(iv) applies to Sir Dorabji Tata Trust for the assessment years 1999-2000 to 2001-2002, provided the trust applies or accumulates its income wholly and exclusively to its objects, confines investments and deposits to prescribed modes for charitable funds (excluding voluntary contributions held in kind), and excludes business profits unless such business is incidental and accounted for 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 
