Charitable institution exemption under section 10(23C)(iv) granted to Seva Mandir subject to application, investment, business and filing conditions. Notification designates Seva Mandir, Udaipur, as a charitable institution eligible for exemption under clause (iv) of clause 23C of section 10 for the specified assessment years, subject to conditions: apply or accumulate income solely for its objects; restrict investments to forms permitted under the Act (excluding specified voluntary contributions); exclude business profits unless incidental and kept in separate books; and regularly file income-tax returns as required.
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Provisions expressly mentioned in the judgment/order text.
Charitable institution exemption under section 10(23C)(iv) granted to Seva Mandir subject to application, investment, business and filing conditions.
Notification designates Seva Mandir, Udaipur, as a charitable institution eligible for exemption under clause (iv) of clause 23C of section 10 for the specified assessment years, subject to conditions: apply or accumulate income solely for its objects; restrict investments to forms permitted under the Act (excluding specified voluntary contributions); exclude business profits unless incidental and kept in separate books; and regularly file income-tax returns as required.
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