Charitable tax exemption granted to a women's union subject to application of income, permitted investments, and filing obligations. Notification grants charitable tax exemption under clause (23C)(iv) of section 10 to the All Bengal Women's Union, Calcutta for assessment years 1996-97 to 1998-99, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in subsection (5) of section 11 (except voluntary contributions held as jewellery, furniture, etc.); exclude business profits unless incidental to objectives with separate books; and regularly file income-tax returns under the Income-tax Act, 1961.
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 tax exemption granted to a women's union subject to application of income, permitted investments, and filing obligations.
Notification grants charitable tax exemption under clause (23C)(iv) of section 10 to the All Bengal Women's Union, Calcutta for assessment years 1996-97 to 1998-99, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in subsection (5) of section 11 (except voluntary contributions held as jewellery, furniture, etc.); exclude business profits unless incidental to objectives with separate books; and regularly file income-tax returns under the Income-tax Act, 1961.
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