Section 10(23C) exemption for a charitable trust subject to application, investment, business, return and dissolution conditions. Notification under section 10(23C) recognises Shri Sachiya Mata Trust as entitled to the specified exemption for assessment years 1992-1993 to 1994-1995, on conditions that the trust apply or accumulate income solely for its objects; limit investments to modes permitted under Section 11(5) (except certain retained voluntary contributions); treat business income as exempt only if incidental and separately accounted; file regular returns; and transfer surplus and assets on dissolution to a similarly constituted 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.
Section 10(23C) exemption for a charitable trust subject to application, investment, business, return and dissolution conditions.
Notification under section 10(23C) recognises Shri Sachiya Mata Trust as entitled to the specified exemption for assessment years 1992-1993 to 1994-1995, on conditions that the trust apply or accumulate income solely for its objects; limit investments to modes permitted under Section 11(5) (except certain retained voluntary contributions); treat business income as exempt only if incidental and separately accounted; file regular returns; and transfer surplus and assets on dissolution to a similarly constituted charitable organisation.
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