Exemption under section 10(23C)(iv): CAPART notified conditionally for specified assessment years, subject to application and investment restrictions. The Central Government notifies CAPART as qualifying under section 10(23C)(iv) for assessment years 1996-97 to 1998-99, conditional on applying or accumulating income wholly for its objects; restricting investments or deposits to modes specified in section 11(5) except certain maintained voluntary contributions; excluding business profits unless incidental and maintained in separate books; and regularly filing returns of income in accordance with the Income-tax Act.
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Exemption under section 10(23C)(iv): CAPART notified conditionally for specified assessment years, subject to application and investment restrictions.
The Central Government notifies CAPART as qualifying under section 10(23C)(iv) for assessment years 1996-97 to 1998-99, conditional on applying or accumulating income wholly for its objects; restricting investments or deposits to modes specified in section 11(5) except certain maintained voluntary contributions; excluding business profits unless incidental and maintained in separate books; and regularly filing returns of income in accordance with the Income-tax Act.
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