Tax exemption under section 10(23C)(v): notification grants charitable status to foundation subject to application, investment, and business conditions. Tax exemption under section 10(23C)(v) notifies the India Heritage Research Foundation, New Delhi, for assessment years 2000-2001 to 2002-2003, subject to conditions: (i) income must be applied or accumulated wholly and exclusively to its objects; (ii) funds shall be invested only in forms/modes specified in subsection (5) of section 11 except permitted tangible voluntary contributions; and (iii) exemption does not apply to business income unless incidental to 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 under section 10(23C)(v): notification grants charitable status to foundation subject to application, investment, and business conditions.
Tax exemption under section 10(23C)(v) notifies the India Heritage Research Foundation, New Delhi, for assessment years 2000-2001 to 2002-2003, subject to conditions: (i) income must be applied or accumulated wholly and exclusively to its objects; (ii) funds shall be invested only in forms/modes specified in subsection (5) of section 11 except permitted tangible voluntary contributions; and (iii) exemption does not apply to business income unless incidental to objectives and accounted for in separate books.
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