Income-tax exemption under section 10(23C)(vi) granted to a trust subject to prescribed application and investment conditions. Notification under section 10(23C)(vi) designates St. Xaviers Education Trust, Mumbai, for exemption for assessment years 1999-2000 to 2001-2002 subject to conditions: apply income wholly to objects, invest only in permitted modes, treat business income as taxable unless incidental with separate books, file returns regularly, transfer surplus and assets on dissolution to a similar charitable organisation, and align investments with the modes specified in sub-section (5) of section 11 by the stipulated deadline.
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.
Income-tax exemption under section 10(23C)(vi) granted to a trust subject to prescribed application and investment conditions.
Notification under section 10(23C)(vi) designates St. Xaviers Education Trust, Mumbai, for exemption for assessment years 1999-2000 to 2001-2002 subject to conditions: apply income wholly to objects, invest only in permitted modes, treat business income as taxable unless incidental with separate books, file returns regularly, transfer surplus and assets on dissolution to a similar charitable organisation, and align investments with the modes specified in sub-section (5) of section 11 by the stipulated deadline.
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