Section 10(23C)(iv) tax exemption: conditional recognition of charitable status subject to application, investment and business conditions. The Central Government notifies Tibetan Homes Foundation under sub clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: the assessee must apply or accumulate its income wholly and exclusively for its objects; funds may only be invested or deposited in the modes specified in sub section (5) of section 11 except voluntary contributions held as jewellery or furniture; and the notification excludes business income unless the 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) tax exemption: conditional recognition of charitable status subject to application, investment and business conditions.
The Central Government notifies Tibetan Homes Foundation under sub clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: the assessee must apply or accumulate its income wholly and exclusively for its objects; funds may only be invested or deposited in the modes specified in sub section (5) of section 11 except voluntary contributions held as jewellery or furniture; and the notification excludes business income unless the business is incidental and accounted for in separate books.
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