Tax exemption under section 10(23C)(iv) limited by application, investment, business and dissolution conditions for notified entity. Notifies tax-exempt status for the Gem & Jewellery Export Promotion Council, Mumbai for assessment years 1995-96 to 1996-97 subject to conditions: apply or accumulate income solely to its objects; limit investments to legally permitted modes (except voluntary contributions in kind); exclude business profits unless incidental with separate books; regularly file income-tax returns; 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.
Tax exemption under section 10(23C)(iv) limited by application, investment, business and dissolution conditions for notified entity.
Notifies tax-exempt status for the Gem & Jewellery Export Promotion Council, Mumbai for assessment years 1995-96 to 1996-97 subject to conditions: apply or accumulate income solely to its objects; limit investments to legally permitted modes (except voluntary contributions in kind); exclude business profits unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a similar charitable organisation.
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