Tax exemption notification conditions require exclusive application of income and compliance with investment, business segregation, filing, and dissolution rules. Notification grants tax-exempt recognition to Tagore Society for Rural Development, Kolkata for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated solely for its objects; investments are restricted to permitted modes (excluding certain retained voluntary contributions); business income is excluded unless incidental and maintained in separate books; returns must be regularly filed; and on dissolution assets and surplus must be transferred to a similarly purposed charitable organization.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption notification conditions require exclusive application of income and compliance with investment, business segregation, filing, and dissolution rules.
Notification grants tax-exempt recognition to Tagore Society for Rural Development, Kolkata for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated solely for its objects; investments are restricted to permitted modes (excluding certain retained voluntary contributions); business income is excluded unless incidental and maintained in separate books; returns must be regularly filed; and on dissolution assets and surplus must be transferred to a similarly purposed charitable organization.
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