Charitable status under section 10(23C)(vi) granted with conditions requiring exclusive application of income and specified investments. The Central Government notifies Loreto House Educational Society under section 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income wholly for its objects; restrict investments to forms specified in section 11(5) (excluding certain maintained items); business income excluded unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.
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 status under section 10(23C)(vi) granted with conditions requiring exclusive application of income and specified investments.
The Central Government notifies Loreto House Educational Society under section 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income wholly for its objects; restrict investments to forms specified in section 11(5) (excluding certain maintained items); business income excluded unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.
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