Section 10(23C)(iv) exemption granted to charitable trust subject to income application, investment limits, business-incidental and filing conditions. Notification grants a tax exemption under section 10(23C)(iv) to His Holiness The Dalai Lama's Charitable Trust for assessment years 1996-97 to 1998-99, provided the trust applies or accumulates income exclusively for its objects, limits investments to forms specified for charitable trusts (except certain tangible voluntary contributions), excludes business income unless incidental with separate books maintained, and files income-tax returns regularly.
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.
Section 10(23C)(iv) exemption granted to charitable trust subject to income application, investment limits, business-incidental and filing conditions.
Notification grants a tax exemption under section 10(23C)(iv) to His Holiness The Dalai Lama's Charitable Trust for assessment years 1996-97 to 1998-99, provided the trust applies or accumulates income exclusively for its objects, limits investments to forms specified for charitable trusts (except certain tangible voluntary contributions), excludes business income unless incidental with separate books maintained, and files income-tax returns regularly.
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