Exemption under section 10(23C)(iv) granted to seed certification agency, subject to investment, accounting and filing conditions. Exemption under section 10(23C)(iv) notifies the Andhra Pradesh State Seed Certification Agency, Hyderabad as eligible for tax exemption for assessment years 1992-93 to 1994-95, conditional on applying income wholly to its objects, restricting investments to forms permitted by Section 11(5), treating business income as exempt only if incidental with separate books, filing income tax returns regularly, and transferring surplus and assets on dissolution to a charitable organization 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.
Exemption under section 10(23C)(iv) granted to seed certification agency, subject to investment, accounting and filing conditions.
Exemption under section 10(23C)(iv) notifies the Andhra Pradesh State Seed Certification Agency, Hyderabad as eligible for tax exemption for assessment years 1992-93 to 1994-95, conditional on applying income wholly to its objects, restricting investments to forms permitted by Section 11(5), treating business income as exempt only if incidental with separate books, filing income tax returns regularly, and transferring surplus and assets on dissolution to a charitable organization with similar objectives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
