Tax exemption notification under section 10(23C)(iv) grants NFTW status subject to income application, investment and filing conditions. Notifies NFTW as eligible under tax exemption clause (23C)(iv) for assessment years 1993-94 to 1995-96 subject to conditions: income to be applied or accumulated wholly for objects; investments restricted to forms/modes specified for charitable funds except certain retained voluntary contributions; business income excluded unless incidental with separate books; and regular filing of income-tax returns as required by law.
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 under section 10(23C)(iv) grants NFTW status subject to income application, investment and filing conditions.
Notifies NFTW as eligible under tax exemption clause (23C)(iv) for assessment years 1993-94 to 1995-96 subject to conditions: income to be applied or accumulated wholly for objects; investments restricted to forms/modes specified for charitable funds except certain retained voluntary contributions; business income excluded unless incidental with separate books; and regular filing of income-tax returns as required by law.
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