Tax exempt recognition for a charitable medical institution under income tax law, subject to application, investment and compliance conditions. Notification under section 10(23C)(iv) recognises Arya Vaidya Sala, Kottakkal for the assessment years 2001 2002 to 2003 2004 subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments are limited to modes specified by law (excluding certain voluntary contributions held in kind); business income is excluded unless incidental with separate books; regular filing of income tax returns is required; and on dissolution surplus assets must be transferred to a like minded 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 exempt recognition for a charitable medical institution under income tax law, subject to application, investment and compliance conditions.
Notification under section 10(23C)(iv) recognises Arya Vaidya Sala, Kottakkal for the assessment years 2001 2002 to 2003 2004 subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments are limited to modes specified by law (excluding certain voluntary contributions held in kind); business income is excluded unless incidental with separate books; regular filing of income tax returns is required; and on dissolution surplus assets must be transferred to a like minded charitable organisation.
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