Section 10(23C)(iv) of the Income-tax Act, 1961 notifies the 'Periyar Self Respect Propaganda Institution, Periyar, Chennai' for the A.Y. 2001-2002 to 2003-2004 - 141/2005 - Income Tax Act, 1961
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Tax exemption notification recognises institution subject to specified application, investment, business, filing and dissolution conditions. Notification under section 10(23C)(iv) recognises the institution as tax-exempt for specified assessment years provided it applies or accumulates income solely to its objects; confines investments and deposits to permitted modes; excludes business profits unless incidental and separately accounted; files returns regularly; and on dissolution transfers surplus and assets to a charitable organisation with similar objectives.
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 notification recognises institution subject to specified application, investment, business, filing and dissolution conditions.
Notification under section 10(23C)(iv) recognises the institution as tax-exempt for specified assessment years provided it applies or accumulates income solely to its objects; confines investments and deposits to permitted modes; excludes business profits unless incidental and separately accounted; files returns regularly; and on dissolution transfers surplus and assets to a charitable organisation with similar objectives.
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