Section 10(23C)(iv) of the Income-tax Act, 1961 notifies Bharat Sevashram Sangha, Kolkata for the A.Y. 2005-06 to 2007-08 - 175/2005 - Income Tax Act, 1961
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Tax exemption notification under section 10(23C)(iv) grants recognition subject to application, investment and compliance conditions. Notification recognizes Bharat Sevashram Sangha, Kolkata under section 10(23C)(iv) for assessment years 2005-06 to 2007-08 subject to conditions: income must be applied or accumulated solely for charitable objects; accumulations invested only in modes permitted by section 11(5) (excluding certain voluntary contributions held in kind); business income is excluded unless incidental and maintained in separate books; regular filing of returns is required; and on dissolution surplus and assets must pass 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 under section 10(23C)(iv) grants recognition subject to application, investment and compliance conditions.
Notification recognizes Bharat Sevashram Sangha, Kolkata under section 10(23C)(iv) for assessment years 2005-06 to 2007-08 subject to conditions: income must be applied or accumulated solely for charitable objects; accumulations invested only in modes permitted by section 11(5) (excluding certain voluntary contributions held in kind); business income is excluded unless incidental and maintained in separate books; regular filing of returns is required; and on dissolution surplus and assets must pass to a charitable organisation with similar objectives.
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