Income tax exemption under section 10(23C)(iv) subject to conditions on application, investment, return filing and dissolution. Notification under section 10(23C)(iv) notifies the Institute of Rural Management, Anand for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in section 11(5) except certain voluntary contributions; limit exemption for business income to activities incidental to objects with separate books; regularly file income-tax returns; 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.
Income tax exemption under section 10(23C)(iv) subject to conditions on application, investment, return filing and dissolution.
Notification under section 10(23C)(iv) notifies the Institute of Rural Management, Anand for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in section 11(5) except certain voluntary contributions; limit exemption for business income to activities incidental to objects with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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