Tax exemption notification for charitable institution permits tax favored application of income subject to investment and business conditions. Notification designates Gandhi Smarak Sangrahalaya Samiti, New Delhi as a notified charitable institution under 10(23C)(iv) for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms specified in section 11(5) (with limited exceptions for tangible voluntary contributions), and excluding business profits from the exemption unless incidental to objects 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 notification for charitable institution permits tax favored application of income subject to investment and business conditions.
Notification designates Gandhi Smarak Sangrahalaya Samiti, New Delhi as a notified charitable institution under 10(23C)(iv) for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms specified in section 11(5) (with limited exceptions for tangible voluntary contributions), and excluding business profits from the exemption unless incidental to objects and maintained in separate books.
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