Exemption recognition under section 10(23C)(iv) granted conditionally to a body, subject to application of income and investment restrictions. Notification grants exemption recognition to Confederation of Indian Industry under sub clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: income must be applied or accumulated solely for the assessee's objects; funds (other than certain voluntary contributions preserved in tangible form) must be invested only in forms permitted by section 11(5); and business income is excluded unless incidental to objectives 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.
Exemption recognition under section 10(23C)(iv) granted conditionally to a body, subject to application of income and investment restrictions.
Notification grants exemption recognition to Confederation of Indian Industry under sub clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: income must be applied or accumulated solely for the assessee's objects; funds (other than certain voluntary contributions preserved in tangible form) must be invested only in forms permitted by section 11(5); and business income is excluded unless incidental to objectives and maintained in separate books.
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 
