Exemption under Section 10(46): specified income of a government constituted society exempted, subject to non commerciality and filing. Notification under Section 10(46) exempts specified income of Punjab Skill Development Mission Society, Chandigarh: (a) grants and contributions from Central, State and other government institutions; (b) CSR funds from companies; (c) service or administrative charges for schemes/projects; and (d) interest on bank deposits. The exemption is subject to conditions that the Society shall not engage in commercial activity, shall maintain unchanged activities and specified income during the financial year(s), and shall file returns under clause (g) of sub section (4C) of section 139. The notification applies to assessment years 2021 2022 through 2025 2026.
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Provisions expressly mentioned in the judgment/order text.
Exemption under Section 10(46): specified income of a government constituted society exempted, subject to non commerciality and filing.
Notification under Section 10(46) exempts specified income of Punjab Skill Development Mission Society, Chandigarh: (a) grants and contributions from Central, State and other government institutions; (b) CSR funds from companies; (c) service or administrative charges for schemes/projects; and (d) interest on bank deposits. The exemption is subject to conditions that the Society shall not engage in commercial activity, shall maintain unchanged activities and specified income during the financial year(s), and shall file returns under clause (g) of sub section (4C) of section 139. The notification applies to assessment years 2021 2022 through 2025 2026.
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