Notification under section 10(23C)(v): charitable status granted subject to application, investment and filing conditions. The Central Government notifies the Muslim Orphanage Committee, Tirunelveli, under sub clause (v) of clause (23C) of section 10 as eligible for the specified tax exemption for assessment years 1995-96 to 1997-98, subject to conditions requiring exclusive application or accumulation of income for charitable objects; restricted investment modes for funds (excluding certain voluntary contributions in kind); exclusion of business income unless incidental and separately accounted; and regular filing of income tax returns.
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.
Notification under section 10(23C)(v): charitable status granted subject to application, investment and filing conditions.
The Central Government notifies the Muslim Orphanage Committee, Tirunelveli, under sub clause (v) of clause (23C) of section 10 as eligible for the specified tax exemption for assessment years 1995-96 to 1997-98, subject to conditions requiring exclusive application or accumulation of income for charitable objects; restricted investment modes for funds (excluding certain voluntary contributions in kind); exclusion of business income unless incidental and separately accounted; and regular filing of income tax returns.
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