Charitable exemption under section 10(23C)(v) granted subject to investment, accounting and return-filing conditions for specified years. Notification grants Section 10(23C)(v) tax-exempt status to the ECLOF-India Public Charitable Trust for specified assessment years provided the trust applies or accumulates income exclusively for its objects, invests funds only in forms permitted by law, treats business income as qualifying only if incidental with separate books, and files income-tax returns regularly in accordance with the Income-tax 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.
Charitable exemption under section 10(23C)(v) granted subject to investment, accounting and return-filing conditions for specified years.
Notification grants Section 10(23C)(v) tax-exempt status to the ECLOF-India Public Charitable Trust for specified assessment years provided the trust applies or accumulates income exclusively for its objects, invests funds only in forms permitted by law, treats business income as qualifying only if incidental with separate books, and files income-tax returns regularly in accordance with the Income-tax Act.
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