Any income received by any person on behalf of Indo US Science & Technology Forum, New Delhi exempted under Section 10 (23C)(iv) for the Assessment Years 2004-2005 to 2006-2007 - 112/2006 - Income Tax Act, 1961
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Exemption under Section 10(23C)(iv) shields income for Indo US Science & Technology Forum, subject to application, investment and filing conditions. Income received by any person on behalf of Indo US Science & Technology Forum is exempt from inclusion in the recipient's total income for assessment years 2004-2005 to 2006-2007, subject to conditions: application or limited accumulation of income for the Institution's objects, permitted modes of investment, exclusion of non-incidental business income unless separately accounted, regular filing of returns, and transfer of surplus/assets on dissolution to a like-minded organization; notification applies only to receipts on behalf of the Institution and not to other recipient income.
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.
Exemption under Section 10(23C)(iv) shields income for Indo US Science & Technology Forum, subject to application, investment and filing conditions.
Income received by any person on behalf of Indo US Science & Technology Forum is exempt from inclusion in the recipient's total income for assessment years 2004-2005 to 2006-2007, subject to conditions: application or limited accumulation of income for the Institution's objects, permitted modes of investment, exclusion of non-incidental business income unless separately accounted, regular filing of returns, and transfer of surplus/assets on dissolution to a like-minded organization; notification applies only to receipts on behalf of the Institution and not to other recipient income.
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