Tax exemption under section 10(23C)(iv) notified for Krishnamurti Foundation India, subject to application and investment conditions. Notification designates Krishnamurti Foundation India, Chennai as qualifying under section 10(23C)(iv) for specified assessment years, on conditions that income is applied wholly and exclusively to its objects, investments are made only in permitted forms with certain voluntary contributions in kind excepted, and business profits are excluded unless incidental to objectives and kept in separate books.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) notified for Krishnamurti Foundation India, subject to application and investment conditions.
Notification designates Krishnamurti Foundation India, Chennai as qualifying under section 10(23C)(iv) for specified assessment years, on conditions that income is applied wholly and exclusively to its objects, investments are made only in permitted forms with certain voluntary contributions in kind excepted, and business profits are excluded unless incidental to objectives and kept in separate books.
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