Tax exemption recognition under relevant income-tax provision - conditional approval for a charitable institution with compliance and investment restrictions. Recognition under Clause (23C) of Section 10 is granted to Social Work & Research Centre, Tilonia, Ajmer for specified assessment years subject to conditions: income must be applied or accumulated exclusively for institutional objects; investments and deposits restricted to modes specified in section 11(5) except certain tangible voluntary contributions; business income excluded unless incidental and separately accounted; regular filing of returns required; on dissolution surplus assets to transfer to a similar charitable organization. The notification applies only to income received on behalf of the assessee by specified recipients and taxability of the assessee's income will be considered separately under the Act.
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 exemption recognition under relevant income-tax provision - conditional approval for a charitable institution with compliance and investment restrictions.
Recognition under Clause (23C) of Section 10 is granted to Social Work & Research Centre, Tilonia, Ajmer for specified assessment years subject to conditions: income must be applied or accumulated exclusively for institutional objects; investments and deposits restricted to modes specified in section 11(5) except certain tangible voluntary contributions; business income excluded unless incidental and separately accounted; regular filing of returns required; on dissolution surplus assets to transfer to a similar charitable organization. The notification applies only to income received on behalf of the assessee by specified recipients and taxability of the assessee's income will be considered separately under the Act.
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