Charitable recognition under Section 10(23C)(iv): CRY granted tax-exempt status subject to income application, investment, filing, and dissolution conditions. Notification grants recognition under Section 10(23C)(iv) to CRY - Child Relief & You, Mumbai for the specified assessment years, subject to conditions: apply or accumulate income exclusively for its objects; limit investments or deposits to forms specified under Section 11(5) (except certain voluntary contributions in tangible forms); exclude business income unless incidental and separately accounted; regularly file income-tax returns; and transfer surplus and assets on dissolution to a like-minded charitable organisation.
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Provisions expressly mentioned in the judgment/order text.
Charitable recognition under Section 10(23C)(iv): CRY granted tax-exempt status subject to income application, investment, filing, and dissolution conditions.
Notification grants recognition under Section 10(23C)(iv) to CRY - Child Relief & You, Mumbai for the specified assessment years, subject to conditions: apply or accumulate income exclusively for its objects; limit investments or deposits to forms specified under Section 11(5) (except certain voluntary contributions in tangible forms); exclude business income unless incidental and separately accounted; regularly file income-tax returns; and transfer surplus and assets on dissolution to a like-minded charitable organisation.
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