Tax exemption notification under section 10(23C)(iv) conditions institute status on income application, investment limits, and separate accounting. Notifies the Victoria Technical Institute, Chennai under section 10(23C)(iv) as eligible for tax exemption for specified assessment years, conditioned on: applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to legally permitted forms except voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books 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 exemption notification under section 10(23C)(iv) conditions institute status on income application, investment limits, and separate accounting.
Notifies the Victoria Technical Institute, Chennai under section 10(23C)(iv) as eligible for tax exemption for specified assessment years, conditioned on: applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to legally permitted forms except voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books maintained.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
