Approved Sri Sachiyay Mataji Trust, Osian has been approved for the purpose of Section 23C(v) of the Income-tax Act, 1961 (43 of 1961) - S.O. 3070 - Income Tax Act, 1961
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Tax-exempt approval under Section 10(23C)(v) requires exclusive application of income and compliance with conditions. Approval is granted to Sri Sachiyay Mataji Trust, Osian under Section 10(23C)(v) for financial years 2007 08 to 2010 11, subject to conditions: income must be applied or accumulated exclusively for charitable objects; investments limited to forms in section 11(5) except certain voluntary contributions; business income qualifies only if incidental and separately accounted; regular income tax returns must be filed; on dissolution assets transfer to a similar charitable body; anonymous donations are excluded.
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-exempt approval under Section 10(23C)(v) requires exclusive application of income and compliance with conditions.
Approval is granted to Sri Sachiyay Mataji Trust, Osian under Section 10(23C)(v) for financial years 2007 08 to 2010 11, subject to conditions: income must be applied or accumulated exclusively for charitable objects; investments limited to forms in section 11(5) except certain voluntary contributions; business income qualifies only if incidental and separately accounted; regular income tax returns must be filed; on dissolution assets transfer to a similar charitable body; anonymous donations are excluded.
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