Any income received by any person on behalf of Petroleum Planning and Analysis Cell, 2nd Floor, Core-8, Scope Complex, 7 Institutional Area, Lodi Road, New Delhi exempted under Section 10 (23C)(iv) for the Assessment Years 2003-2004 to 2005-2006 - 135/2006 - Income Tax Act, 1961
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Tax exemption for income received on behalf of Petroleum Planning and Analysis Cell subject to application, investment and reporting conditions. The Central Government notifies that income received by any person on behalf of Petroleum Planning and Analysis Cell shall not be included in the recipient's total income for the specified assessment years, subject to conditions: application or limited accumulation of income to the Institution's objects, permitted modes of investment per section 11(5), exclusion of non-incidental business income unless separate books are maintained, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a like-minded organization. The notification applies only to recipients of income on behalf of the Institution.
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 for income received on behalf of Petroleum Planning and Analysis Cell subject to application, investment and reporting conditions.
The Central Government notifies that income received by any person on behalf of Petroleum Planning and Analysis Cell shall not be included in the recipient's total income for the specified assessment years, subject to conditions: application or limited accumulation of income to the Institution's objects, permitted modes of investment per section 11(5), exclusion of non-incidental business income unless separate books are maintained, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a like-minded organization. The notification applies only to recipients of income on behalf of the Institution.
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