Tax recognition for a notified charitable institution requires exclusive application of income and limits on investments. Recognition is granted to Manav Seva Sangh subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds must not be invested or deposited except in permitted forms and excluding certain voluntary contributions retained as movable property; and business profits are excluded from the notification unless the business is incidental to objectives and separate books of account are maintained.
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 recognition for a notified charitable institution requires exclusive application of income and limits on investments.
Recognition is granted to Manav Seva Sangh subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds must not be invested or deposited except in permitted forms and excluding certain voluntary contributions retained as movable property; and business profits are excluded from the notification unless the business is incidental to objectives and separate books of account are maintained.
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