Charitable exemption under section 10(23C)(iv) granted subject to strict application, investment, reporting and dissolution conditions. Notification designates Jnana Prabodhini, Pune as a recipient of the charitable exemption under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003, subject to conditions: apply or accumulate income exclusively to institutional objects; limit investments to forms permitted by section 11(5) (except specified in kind voluntary contributions); treat business income as incidental and maintain separate books; file regular income tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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Provisions expressly mentioned in the judgment/order text.
Charitable exemption under section 10(23C)(iv) granted subject to strict application, investment, reporting and dissolution conditions.
Notification designates Jnana Prabodhini, Pune as a recipient of the charitable exemption under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003, subject to conditions: apply or accumulate income exclusively to institutional objects; limit investments to forms permitted by section 11(5) (except specified in kind voluntary contributions); treat business income as incidental and maintain separate books; file regular income tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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