Tax exemption under 10(23C)(vi) conditioned on exclusive application of income, permitted investments and dissolution transfer obligations. Notification grants Vidya Mandir Society, Calcutta tax-exempt status under 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, conditioned on applying income wholly to charitable objects, restricting investments to permitted forms (with limited exceptions for voluntary contributions held as tangible items), excluding business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under 10(23C)(vi) conditioned on exclusive application of income, permitted investments and dissolution transfer obligations.
Notification grants Vidya Mandir Society, Calcutta tax-exempt status under 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, conditioned on applying income wholly to charitable objects, restricting investments to permitted forms (with limited exceptions for voluntary contributions held as tangible items), excluding business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.
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