Tax exemption under section 10(23C)(iv) granted to a charitable institution subject to application and investment conditions. Notifies Little Sisters of the Poor, Calcutta under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; funds may only be invested or deposited in forms permitted for charitable trusts except for voluntary contributions retained in kind; and the notification does not cover business profits unless the business is incidental to objectives and recorded 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 under section 10(23C)(iv) granted to a charitable institution subject to application and investment conditions.
Notifies Little Sisters of the Poor, Calcutta under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; funds may only be invested or deposited in forms permitted for charitable trusts except for voluntary contributions retained in kind; and the notification does not cover business profits unless the business is incidental to objectives and recorded in separate books.
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