Tax exemption notification for charitable trust restricts income application, prescribes investment modes and business accounting conditions. Notification designates Shri Anandpur Trust as eligible under section 10(23C)(iv) for assessment years 1999 2000 to 2001 2002, conditional on applying or accumulating income wholly and exclusively for its objects; restricting investments or deposits to legally specified modes (except voluntary contributions maintained as jewellery, furniture, etc.); and excluding business income unless the business is incidental to the 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.
Tax exemption notification for charitable trust restricts income application, prescribes investment modes and business accounting conditions.
Notification designates Shri Anandpur Trust as eligible under section 10(23C)(iv) for assessment years 1999 2000 to 2001 2002, conditional on applying or accumulating income wholly and exclusively for its objects; restricting investments or deposits to legally specified modes (except voluntary contributions maintained as jewellery, furniture, etc.); and excluding business income unless the business is incidental to the objectives with separate books maintained.
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