Tax exemption recognition for institute confirmed, subject to exclusive application of income, specified investments, and business conditions. Notification grants the Indian Institute of Public Administration recognition under section 10(23C)(iv) for assessment years 1998-99 to 2000-2001, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified by the Act; exclude business income unless incidental and kept in separate books; and file income-tax returns regularly.
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 recognition for institute confirmed, subject to exclusive application of income, specified investments, and business conditions.
Notification grants the Indian Institute of Public Administration recognition under section 10(23C)(iv) for assessment years 1998-99 to 2000-2001, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified by the Act; exclude business income unless incidental and kept in separate books; and file income-tax returns regularly.
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