Charitable recognition under section 10(23C)(iv) conditions tax-exemption on exclusive income application, prescribed investments, returns filing, and asset transfer. Notification under section 10(23C)(iv) recognises Bhartiya Bhasha Parishad, Kolkata for assessment years 2002-03 to 2004-05, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in Section 11(5) (except certain voluntary contributions in non-monetary form); exclude business profits unless incidental with separate books; regularly file income-tax returns; and transfer surplus and assets on dissolution to a charitable 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.
Charitable recognition under section 10(23C)(iv) conditions tax-exemption on exclusive income application, prescribed investments, returns filing, and asset transfer.
Notification under section 10(23C)(iv) recognises Bhartiya Bhasha Parishad, Kolkata for assessment years 2002-03 to 2004-05, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in Section 11(5) (except certain voluntary contributions in non-monetary form); exclude business profits unless incidental with separate books; regularly file income-tax returns; and transfer surplus and assets on dissolution to a charitable organisation with similar objectives.
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