Tax exemption recognition for a charitable trust conditioned on exclusive application of income and permitted investment modes. Notification recognizes Yug Nirman Trust as qualifying under the Income Tax provision for the specified assessment years, conditional on applying or accumulating income exclusively for its objects, restricting investments and deposits to permitted modes with exceptions for voluntary contributions held in kind, and excluding business profits unless the business is incidental to the objectives 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.
Tax exemption recognition for a charitable trust conditioned on exclusive application of income and permitted investment modes.
Notification recognizes Yug Nirman Trust as qualifying under the Income Tax provision for the specified assessment years, conditional on applying or accumulating income exclusively for its objects, restricting investments and deposits to permitted modes with exceptions for voluntary contributions held in kind, and excluding business profits unless the business is incidental to the objectives and accounted for in separate books.
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