Exemption under section 10(23C)(iv) granted to Jamia Hamdard, subject to conditions on application, investment, business and dissolution. Notification declares Jamia Hamdard eligible for exemption under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, conditional on applying or accumulating income wholly for its objects; restricting investments to forms permitted by law (excluding certain voluntary contributions held as physical articles); treating business income as exempt only if incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution transferring surplus to a like-minded charitable organisation.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 10(23C)(iv) granted to Jamia Hamdard, subject to conditions on application, investment, business and dissolution.
Notification declares Jamia Hamdard eligible for exemption under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, conditional on applying or accumulating income wholly for its objects; restricting investments to forms permitted by law (excluding certain voluntary contributions held as physical articles); treating business income as exempt only if incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution transferring surplus to a like-minded charitable organisation.
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