Income-tax exemption under clause (23C)(iv) notified for a charitable institution, subject to conditions on application and investment. Notification under section 10 clause (23C)(iv) designates Ramakrishna Abhedananda Mission, Kolkata as eligible for income-tax exemption for specified assessment years, conditioned on applying income wholly to its objects; restricting investments to modes permitted by section 11(5) except certain tangible voluntary contributions; excluding business profits unless incidental and separately accounted; regular filing of income-tax returns; and transfer of 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.
Income-tax exemption under clause (23C)(iv) notified for a charitable institution, subject to conditions on application and investment.
Notification under section 10 clause (23C)(iv) designates Ramakrishna Abhedananda Mission, Kolkata as eligible for income-tax exemption for specified assessment years, conditioned on applying income wholly to its objects; restricting investments to modes permitted by section 11(5) except certain tangible voluntary contributions; excluding business profits unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.
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