Tax exemption notification under section 10(23C)(iv) grants charitable recognition subject to compliance and operational conditions. Notification recognizes the Council for Social Development under section 10(23C)(iv) for assessment years 1998-99 and 1999-2000 subject to conditions: apply or accumulate income exclusively to its objects; limit investments to modes specified in section 11(5) except certain voluntary contributions in kind; business income excluded unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets 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.
Tax exemption notification under section 10(23C)(iv) grants charitable recognition subject to compliance and operational conditions.
Notification recognizes the Council for Social Development under section 10(23C)(iv) for assessment years 1998-99 and 1999-2000 subject to conditions: apply or accumulate income exclusively to its objects; limit investments to modes specified in section 11(5) except certain voluntary contributions in kind; business income excluded unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
