Recognition under section 10(23C) conditions charitable notification, requiring exclusive application of income and prescribed investments. Notification recognises LRG Ranganayaki Ammal Charities for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to charitable objects; restrict investments to modes permitted by section 11(5) except certain tangible voluntary contributions; exclude business profits unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a like 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.
Recognition under section 10(23C) conditions charitable notification, requiring exclusive application of income and prescribed investments.
Notification recognises LRG Ranganayaki Ammal Charities for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to charitable objects; restrict investments to modes permitted by section 11(5) except certain tangible voluntary contributions; exclude business profits unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a like charitable organisation.
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