Notification under section 10(23C)(vi): conditional charitable exemption tied to income application, permitted investments, and compliance. Notification under section 10(23C)(vi) grants conditional tax recognition to Abhinav Shiksha Sansthan subject to: application or accumulation of income solely for its objects; investing or depositing funds only in modes permitted by law; cessation of nonconforming deposits and investments by the prescribed deadline; exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and transfer of surplus and assets to a similar charitable organisation on dissolution.
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Provisions expressly mentioned in the judgment/order text.
Notification under section 10(23C)(vi): conditional charitable exemption tied to income application, permitted investments, and compliance.
Notification under section 10(23C)(vi) grants conditional tax recognition to Abhinav Shiksha Sansthan subject to: application or accumulation of income solely for its objects; investing or depositing funds only in modes permitted by law; cessation of nonconforming deposits and investments by the prescribed deadline; exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and transfer of surplus and assets to a similar charitable organisation on dissolution.
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