Approval under section 10(23C)(vi): trust exemption granted subject to compliance with investment modes and statutory conditions. Approval is granted to Birla Education Trust under section 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, subject to conformity with sub-clause (vi) of clause (23C) read with rule 2CA of the Income-tax Rules. The trust must ensure that, by the stated deadline, all investments conform to the modes prescribed by sub-section (5) of section 11 of the Income-tax Act; failure to comply would affect the approval.
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.
Approval under section 10(23C)(vi): trust exemption granted subject to compliance with investment modes and statutory conditions.
Approval is granted to Birla Education Trust under section 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, subject to conformity with sub-clause (vi) of clause (23C) read with rule 2CA of the Income-tax Rules. The trust must ensure that, by the stated deadline, all investments conform to the modes prescribed by sub-section (5) of section 11 of the Income-tax Act; failure to comply would affect the approval.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
