Tax exemption under section 10(23C)(iv) notified for institute, subject to conditions on income application, investments, business income, dissolution. Notifies the National Institute of Public Finance and Policy as eligible under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002 subject to conditions: income must be applied or accumulated solely for institute objects; investments limited to forms allowed by section 11(5) (except certain in-kind voluntary contributions); business income only if incidental with separate books; regular filing of returns; and on dissolution surplus assets dealt with under the institute's constitutional documents without reverting to the Government.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) notified for institute, subject to conditions on income application, investments, business income, dissolution.
Notifies the National Institute of Public Finance and Policy as eligible under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002 subject to conditions: income must be applied or accumulated solely for institute objects; investments limited to forms allowed by section 11(5) (except certain in-kind voluntary contributions); business income only if incidental with separate books; regular filing of returns; and on dissolution surplus assets dealt with under the institute's constitutional documents without reverting to the Government.
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