Charitable exemption notification: Chief Minister's Relief Fund recognised with conditions on application of income and permitted investments. Notification recognises Chief Minister's Relief Fund, Maharashtra as eligible under clause (23C)(iv) of section 10 for the stated assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to the fund's objects; investments limited to forms/modes in sub-section (5) of section 11 except voluntary contributions retained in kind; and exclusion of business profits unless the business is incidental and separate books are 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.
Charitable exemption notification: Chief Minister's Relief Fund recognised with conditions on application of income and permitted investments.
Notification recognises Chief Minister's Relief Fund, Maharashtra as eligible under clause (23C)(iv) of section 10 for the stated assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to the fund's objects; investments limited to forms/modes in sub-section (5) of section 11 except voluntary contributions retained in kind; and exclusion of business profits unless the business is incidental and separate books are maintained.
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