Tax-exempt notification under section 10(23C) limits status to operational, investment, filing and dissolution compliance. Notification under section 10(23C) recognises Shri Sachiya Mata Trust as eligible for the sub-clause (v) tax-exemption category for assessment years 1998-1999 to 2000-2001, conditioned on exclusive application or accumulation of income to its objects; adherence to investment modes specified in Section 11(5) (except certain voluntary contributions held as jewellery or furniture); maintenance of separate accounts for any incidental business; 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.
Tax-exempt notification under section 10(23C) limits status to operational, investment, filing and dissolution compliance.
Notification under section 10(23C) recognises Shri Sachiya Mata Trust as eligible for the sub-clause (v) tax-exemption category for assessment years 1998-1999 to 2000-2001, conditioned on exclusive application or accumulation of income to its objects; adherence to investment modes specified in Section 11(5) (except certain voluntary contributions held as jewellery or furniture); maintenance of separate accounts for any incidental business; 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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