Tax exemption for notified charitable agency tied to application of income and permitted investments, with business income limits. Notification designates the Voluntary Coordinating Agency for Child Adoption, Chennai as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditional on applying income wholly to its objects, restricting investments to authorised modes (excluding certain voluntary contributions held as jewellery or furniture), and excluding business profits unless the business is incidental and maintained in separate books.
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 for notified charitable agency tied to application of income and permitted investments, with business income limits.
Notification designates the Voluntary Coordinating Agency for Child Adoption, Chennai as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditional on applying income wholly to its objects, restricting investments to authorised modes (excluding certain voluntary contributions held as jewellery or furniture), and excluding business profits unless the business is incidental and maintained in separate books.
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