Exemption under section 10(23C)(iv) granted to educational centre subject to application, investment and business conditions. Notification grants the William Carey Study and Research Centre, Calcutta recognition under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, conditional on applying or accumulating income wholly for its objects; restricting investments and deposits (aside from certain voluntary contributions retained in tangible form) to permitted forms or modes; and excluding business profits unless the business is incidental and accounted for in separate books.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 10(23C)(iv) granted to educational centre subject to application, investment and business conditions.
Notification grants the William Carey Study and Research Centre, Calcutta recognition under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, conditional on applying or accumulating income wholly for its objects; restricting investments and deposits (aside from certain voluntary contributions retained in tangible form) to permitted forms or modes; and excluding business profits unless the business is incidental and accounted for in separate books.
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