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Section 10(23C)(iv) of the Income-tax Act, 1961 notifies Victoria Technical Institute, 765, Anna Salai, Chennai for the A.Y. 2002-03 to 2004-05 - 191/2005 - Income Tax Act, 1961
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Tax exemption notification grants charitable status to Victoria Technical Institute for specified assessment years subject to compliance conditions. Notification under Section 10(23C)(iv) authorises Victoria Technical Institute for assessment years 2002-03 to 2004-05 subject to conditions: income must be applied or accumulated wholly for its objects; investments restricted to permitted modes (excluding certain voluntary tangible contributions); business income excluded unless incidental and separately accounted; regular filing of returns required; and surplus/assets on dissolution must be transferred to a charitable organisation.
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 grants charitable status to Victoria Technical Institute for specified assessment years subject to compliance conditions.
Notification under Section 10(23C)(iv) authorises Victoria Technical Institute for assessment years 2002-03 to 2004-05 subject to conditions: income must be applied or accumulated wholly for its objects; investments restricted to permitted modes (excluding certain voluntary tangible contributions); business income excluded unless incidental and separately accounted; regular filing of returns required; and surplus/assets on dissolution must be transferred to a charitable organisation.
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