Section 10(23C)(iv) of the Income-tax Act, 1961 notifies the 'Society for Promotion of Wastelands Development, New Delhi' for the A.Y. 2005-2006 to 2007-2008 - 249/2005 - Income Tax Act, 1961
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Tax exemption notification for a society subject to conditions on application of income, permitted investments, business income, returns and dissolution. Notification grants tax exemption under section 10(23C)(iv) to the Society for Promotion of Wastelands Development for assessment years 2005-06 to 2007-08, subject to conditions: apply or accumulate income wholly for its objects; invest only in forms specified in section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); business income excluded unless incidental and kept in separate books; regular filing of income-tax returns; and on dissolution transfer surplus and assets to a like-minded 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 for a society subject to conditions on application of income, permitted investments, business income, returns and dissolution.
Notification grants tax exemption under section 10(23C)(iv) to the Society for Promotion of Wastelands Development for assessment years 2005-06 to 2007-08, subject to conditions: apply or accumulate income wholly for its objects; invest only in forms specified in section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); business income excluded unless incidental and kept in separate books; regular filing of income-tax returns; and on dissolution transfer surplus and assets to a like-minded organisation.
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