Tax exemption recognition for a charitable society granted subject to conditions on application of income, permissible investments, and business accounting. Recognition of Sight Savers International Royal Commonwealth Society for Blind is granted for the specified assessment years provided the organisation applies or accumulates income wholly and exclusively for its objects, limits investments to forms permitted for charitable trusts (excluding voluntary contributions held as tangible items), and does not claim exemption for business income 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 recognition for a charitable society granted subject to conditions on application of income, permissible investments, and business accounting.
Recognition of Sight Savers International Royal Commonwealth Society for Blind is granted for the specified assessment years provided the organisation applies or accumulates income wholly and exclusively for its objects, limits investments to forms permitted for charitable trusts (excluding voluntary contributions held as tangible items), and does not claim exemption for business income unless the business is incidental and maintained in separate books.
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