Income tax exemption approval under specified provisions; institution required to maintain ongoing compliance with prescribed regulatory conditions. Approval is granted to Bal Bharti Vidhyapeeth Sansthan, Sujangarh Distt. Churu, for the purposes of exemption under the relevant provision of the Income-tax law, subject to continued conformity with the statutory conditions and the procedural rule specified by the tax rules. The approval operates prospectively for the stated assessment year and onwards, conditioning the benefit on the institution's ongoing compliance with the requirements set out by the approving authority.
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Provisions expressly mentioned in the judgment/order text.
Income tax exemption approval under specified provisions; institution required to maintain ongoing compliance with prescribed regulatory conditions.
Approval is granted to Bal Bharti Vidhyapeeth Sansthan, Sujangarh Distt. Churu, for the purposes of exemption under the relevant provision of the Income-tax law, subject to continued conformity with the statutory conditions and the procedural rule specified by the tax rules. The approval operates prospectively for the stated assessment year and onwards, conditioning the benefit on the institution's ongoing compliance with the requirements set out by the approving authority.
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