Tax exemption notification for India International Centre subject to income use, investment and filing compliance. Notification grants the India International Centre tax-exempt status under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes specified in section 11(5) (except certain voluntary contributions in kind); exclude business profits unless incidental with separate books; and file income-tax returns regularly under the Act.
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 for India International Centre subject to income use, investment and filing compliance.
Notification grants the India International Centre tax-exempt status under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes specified in section 11(5) (except certain voluntary contributions in kind); exclude business profits unless incidental with separate books; and file income-tax returns regularly under the Act.
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