Tax exemption notification recognises charitable status for Software Technology Parks of India subject to compliance conditions. Notification grants tax-exempt status to Software Technology Parks of India, New Delhi for specified assessment years subject to conditions: exclusive application or accumulation of income for objects; investment limited to modes specified in section 11(5); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution 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 recognises charitable status for Software Technology Parks of India subject to compliance conditions.
Notification grants tax-exempt status to Software Technology Parks of India, New Delhi for specified assessment years subject to conditions: exclusive application or accumulation of income for objects; investment limited to modes specified in section 11(5); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.
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