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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Seth Kalyanji Parmanandji Pedhi, Sirohi gets tax exemption for 2010-13 under Section 10(23C)(v), with conditions.</h1> The Chief Commissioner of Income-tax, Jodhpur, has approved Seth Kalyanji Parmanandji Pedhi, Sirohi under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 2010-11 to 2012-13. The approval is subject to conditions including that the assessee must apply its income solely for its established objectives, invest funds as specified, maintain separate accounts for any incidental business income, file regular income tax returns, and ensure surplus assets upon dissolution go to a similar charitable organization. The approval excludes anonymous donations as per section 115BBC of the Act.
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