Tax exemption for a charitable institution conditioned on exclusive application of income, permitted investments, recordkeeping, and transfer on dissolution. Notification grants conditional tax-exempt status to Shri Gajanan Maharaj Sansthan, Shegaon for specified assessment years, requiring application or accumulation of income exclusively for its objects, limiting investments (except certain voluntary contributions in kind) to prescribed modes, excluding business income unless incidental with separate books, mandating regular income-tax return filing, and directing that on dissolution surplus assets be transferred 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 for a charitable institution conditioned on exclusive application of income, permitted investments, recordkeeping, and transfer on dissolution.
Notification grants conditional tax-exempt status to Shri Gajanan Maharaj Sansthan, Shegaon for specified assessment years, requiring application or accumulation of income exclusively for its objects, limiting investments (except certain voluntary contributions in kind) to prescribed modes, excluding business income unless incidental with separate books, mandating regular income-tax return filing, and directing that on dissolution surplus assets be transferred to a charitable organisation with similar objectives.
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