Notification under section 10(23C)(v) grants tax-exempt recognition to a trust subject to income application and investment conditions. Notification under section 10(23C)(v) notifies Raja Charity Trust, Rajapalaiyam, Tamil Nadu, as eligible for the specified tax exemption for assessment years 1999-2000 to 2001-2002 subject to conditions: application or accumulation of income wholly and exclusively to objects, investments limited to forms permitted for charitable income (except voluntary contributions held in kind), and exclusion of business profits unless 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.
Notification under section 10(23C)(v) grants tax-exempt recognition to a trust subject to income application and investment conditions.
Notification under section 10(23C)(v) notifies Raja Charity Trust, Rajapalaiyam, Tamil Nadu, as eligible for the specified tax exemption for assessment years 1999-2000 to 2001-2002 subject to conditions: application or accumulation of income wholly and exclusively to objects, investments limited to forms permitted for charitable income (except voluntary contributions held in kind), and exclusion of business profits unless incidental and maintained in separate books.
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