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Section 10(23C)(iv) of the Income-tax Act, 1961 notifies Anandashram Trust, Kanhangad, Kerala for the A.Y. 2002-03 to 2004-05 - 213/2005 - Income Tax Act, 1961
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Tax exemption notification: trust noted subject to conditions on income application, permitted investments, accounting, returns, and dissolution. The Central Government notifies the Anandashram Trust under Section 10(23C)(iv) subject to conditions: apply or accumulate income wholly and exclusively for trust objects; invest or deposit funds only in modes permitted under the Act (excluding certain voluntary contributions held as movable articles); exclude business income unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to an 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: trust noted subject to conditions on income application, permitted investments, accounting, returns, and dissolution.
The Central Government notifies the Anandashram Trust under Section 10(23C)(iv) subject to conditions: apply or accumulate income wholly and exclusively for trust objects; invest or deposit funds only in modes permitted under the Act (excluding certain voluntary contributions held as movable articles); exclude business income unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to an organisation with similar objectives.
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