Tax exemption notification recognises Pravara Medical Trust's charitable status subject to investment, accounting, return filing and dissolution conditions. Notification recognises the Pravara Medical Trust as entitled to tax exemption 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 modes permitted by the Act (excluding certain voluntary contributions held as tangible items); exempt business income only if incidental with separate books; file returns regularly; and on dissolution transfer surplus and assets to a charitable organisation 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.
Tax exemption notification recognises Pravara Medical Trust's charitable status subject to investment, accounting, return filing and dissolution conditions.
Notification recognises the Pravara Medical Trust as entitled to tax exemption 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 modes permitted by the Act (excluding certain voluntary contributions held as tangible items); exempt business income only if incidental with separate books; file returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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