Any income received by any person on behalf of Export Promotion Council for Handicraft, New Delhi exempted under Section 10 (23C)(iv) for the Assessment Years 2005-2006 to 2007-08 - 250/2006 - Income Tax Act, 1961
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Income exemption under Section 10(23C)(iv) excludes receipts held for Export Promotion Council for Handicraft, subject to compliance. Notification under Section 10(23C)(iv) exempts from inclusion in total income any sums received by any person on behalf of Export Promotion Council for Handicraft for Assessment Years 2005-06 to 2007-08, subject to conditions: exclusive application or limited accumulation of income, prescribed modes of investment, business income being incidental and separately accounted, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization.
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.
Income exemption under Section 10(23C)(iv) excludes receipts held for Export Promotion Council for Handicraft, subject to compliance.
Notification under Section 10(23C)(iv) exempts from inclusion in total income any sums received by any person on behalf of Export Promotion Council for Handicraft for Assessment Years 2005-06 to 2007-08, subject to conditions: exclusive application or limited accumulation of income, prescribed modes of investment, business income being incidental and separately accounted, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization.
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