Tax exemption under clause (23) granted to a society, conditional on income application, permitted investments, and separate books for incidental business. Notification grants tax-exempt status to the Jawaharlal Nehru Hockey Tournament Society under clause (23) of section 10 for specified assessment years, conditioned on exclusive application or permitted accumulation of income per section 11, restriction of investments to permitted modes, prohibition on distribution of income to members except by grants to affiliated bodies, and exclusion of business profits unless incidental to the society's objects with separate books of account.
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 under clause (23) granted to a society, conditional on income application, permitted investments, and separate books for incidental business.
Notification grants tax-exempt status to the Jawaharlal Nehru Hockey Tournament Society under clause (23) of section 10 for specified assessment years, conditioned on exclusive application or permitted accumulation of income per section 11, restriction of investments to permitted modes, prohibition on distribution of income to members except by grants to affiliated bodies, and exclusion of business profits unless incidental to the society's objects with separate books of account.
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