Tax exemption notification for charitable society conditions income application, permitted investments, and business account separation. Notification under clause (23C)(iv) of section 10 recognises the Servants of India Society for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds must not be invested except in forms permitted by section 11(5) (excluding certain retained voluntary contributions); and business income is excluded unless incidental to the objectives and accounted for 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 notification for charitable society conditions income application, permitted investments, and business account separation.
Notification under clause (23C)(iv) of section 10 recognises the Servants of India Society for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds must not be invested except in forms permitted by section 11(5) (excluding certain retained voluntary contributions); and business income is excluded unless incidental to the objectives and accounted for in separate books.
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