Tax exemption under section 10(23C)(iv) notified for Swadeshi Jagran Foundation, subject to application and investment conditions. Notification under section 10(23C)(iv) designates Swadeshi Jagran Foundation as eligible for the specified tax treatment for assessment years 1998-99 to 2000-2001, subject to conditions that income be applied or accumulated wholly and exclusively to its objects; investments and deposits (except certain voluntary contributions) be limited to permitted forms; and business income be excluded unless incidental to the objects and maintained in separate books.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) notified for Swadeshi Jagran Foundation, subject to application and investment conditions.
Notification under section 10(23C)(iv) designates Swadeshi Jagran Foundation as eligible for the specified tax treatment for assessment years 1998-99 to 2000-2001, subject to conditions that income be applied or accumulated wholly and exclusively to its objects; investments and deposits (except certain voluntary contributions) be limited to permitted forms; and business income be excluded unless incidental to the objects and maintained in separate books.
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