Charitable exemption: notification grants tax recognition to a child welfare council subject to application, investment and reporting conditions. Notification under clause (23C)(iv) of section 10 recognises the West Bengal Council for Child Welfare, Calcutta for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated exclusively for its objects; investments limited to permitted forms except certain voluntary contributions retained as jewellery or furniture; business income excluded unless incidental and accounted separately; returns must be regularly filed; on dissolution surplus and assets must go to a charitable organisation with similar objectives.
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.
Charitable exemption: notification grants tax recognition to a child welfare council subject to application, investment and reporting conditions.
Notification under clause (23C)(iv) of section 10 recognises the West Bengal Council for Child Welfare, Calcutta for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated exclusively for its objects; investments limited to permitted forms except certain voluntary contributions retained as jewellery or furniture; business income excluded unless incidental and accounted separately; returns must be regularly filed; on dissolution surplus and assets must go to a charitable organisation with similar objectives.
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