Section 10(23C)(iv) exemption granted to Sri Aurobindo Society subject to exclusive application of income and compliance requirements. Notification grants tax-exempt recognition to Sri Aurobindo Society, Calcutta subject to conditions: apply or accumulate income wholly and exclusively for charitable objects; restrict investments to permitted forms (except certain voluntary contributions in kind); treat business income as exempt only if incidental and maintained in separate books; file returns regularly; and on dissolution transfer surplus and assets to a similar charitable organisation.
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.
Section 10(23C)(iv) exemption granted to Sri Aurobindo Society subject to exclusive application of income and compliance requirements.
Notification grants tax-exempt recognition to Sri Aurobindo Society, Calcutta subject to conditions: apply or accumulate income wholly and exclusively for charitable objects; restrict investments to permitted forms (except certain voluntary contributions in kind); treat business income as exempt only if incidental and maintained in separate books; file returns regularly; and on dissolution transfer surplus and assets to a similar charitable organisation.
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