Tax exemption under section 10(23C)(v) notifies Amrit Nath Ashram subject to income application, investment, filing and dissolution conditions. Notification grants tax exemption to Amrit Nath Ashram, Calcutta under sub clause (v) of clause (23C) of section 10 for assessment years 2000 2001 to 2002 2003, subject to conditions: income applied or accumulated only for its objects; investments limited to forms specified in section 11(5) (excluding certain voluntary contributions held as jewellery/furniture); business income allowed only if incidental with separate books; regular filing of returns; and surplus/assets on dissolution transferred to a like charitable organisation.
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Tax exemption under section 10(23C)(v) notifies Amrit Nath Ashram subject to income application, investment, filing and dissolution conditions.
Notification grants tax exemption to Amrit Nath Ashram, Calcutta under sub clause (v) of clause (23C) of section 10 for assessment years 2000 2001 to 2002 2003, subject to conditions: income applied or accumulated only for its objects; investments limited to forms specified in section 11(5) (excluding certain voluntary contributions held as jewellery/furniture); business income allowed only if incidental with separate books; regular filing of returns; and surplus/assets on dissolution transferred to a like charitable organisation.
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