Tax exemption under section 10(23C)(iv) granted to Bhartya Adim Jati Sevak Sangh subject to charitable compliance conditions. Notification designates Bhartya Adim Jati Sevak Sangh, New Delhi, as eligible for tax exemption under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income solely for its objects; restrict investments and deposits to modes permitted by the Act (except certain voluntary contributions retained in kind); exclude business profits unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) granted to Bhartya Adim Jati Sevak Sangh subject to charitable compliance conditions.
Notification designates Bhartya Adim Jati Sevak Sangh, New Delhi, as eligible for tax exemption under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income solely for its objects; restrict investments and deposits to modes permitted by the Act (except certain voluntary contributions retained in kind); exclude business profits unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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