Tax exemption notification under section 10(23C)(iv) conditioned on exclusive application of income and limited investment modes. Notification designates the National Association for the Blind, Mumbai as a notified institution under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: (i) income must be applied or accumulated wholly and exclusively for its objects; (ii) funds (except specified voluntary contributions held as physical items) may be invested or deposited only in the forms or modes specified in sub-section (5) of section 11; and (iii) the notification does not apply to business income unless the business is incidental to its objectives and kept in separate books.
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Tax exemption notification under section 10(23C)(iv) conditioned on exclusive application of income and limited investment modes.
Notification designates the National Association for the Blind, Mumbai as a notified institution under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: (i) income must be applied or accumulated wholly and exclusively for its objects; (ii) funds (except specified voluntary contributions held as physical items) may be invested or deposited only in the forms or modes specified in sub-section (5) of section 11; and (iii) the notification does not apply to business income unless the business is incidental to its objectives and kept in separate books.
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