Charitable trust notification under income tax section 10(23C)(iv) grants recognition subject to income application, investment, and business conditions. Notifies recognition under section 10(23C)(iv) for Sir Ratan Tata Trust, Mumbai for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds may be invested only in forms or modes specified by law (excluding certain voluntary contributions held in kind); and the notification does not cover business profits unless the business is incidental to the trust's objects 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 trust notification under income tax section 10(23C)(iv) grants recognition subject to income application, investment, and business conditions.
Notifies recognition under section 10(23C)(iv) for Sir Ratan Tata Trust, Mumbai for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds may be invested only in forms or modes specified by law (excluding certain voluntary contributions held in kind); and the notification does not cover business profits unless the business is incidental to the trust's objects and separate books are maintained.
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