Tax exemption recognition under section 10(23C)(iv) conditions charitable status on exclusive application of income and compliance obligations. Notification grants tax-exempt charitable recognition under clause (iv) of clause (23C) of section 10 for Shri Ramkrishna Ashram for specified assessment years, subject to conditions: exclusive application or accumulation of income for objects; restricted investments to forms permitted under section 11(5) (except certain voluntary contributions); exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and disposal of surplus and assets on dissolution to a similar charitable organisation.
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 recognition under section 10(23C)(iv) conditions charitable status on exclusive application of income and compliance obligations.
Notification grants tax-exempt charitable recognition under clause (iv) of clause (23C) of section 10 for Shri Ramkrishna Ashram for specified assessment years, subject to conditions: exclusive application or accumulation of income for objects; restricted investments to forms permitted under section 11(5) (except certain voluntary contributions); exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and disposal of surplus and assets on dissolution to a similar charitable organisation.
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