Tax exemption notification: organisation granted charitable status subject to income application, permitted investments, and compliance requirements. Notification grants tax exempt status under Section 10(23C) to the Tamil Nadu Trade Promotion Organisation, Chennai, for assessment years 2001 2002 to 2003 2004, conditioned on applying income wholly to its objects or accumulating for that purpose; investing funds only in permitted modes (excluding certain tangible voluntary contributions); treating business income as non exempt unless incidental and separately accounted; regular filing of income tax returns; and on dissolution transferring surplus and assets 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 exemption notification: organisation granted charitable status subject to income application, permitted investments, and compliance requirements.
Notification grants tax exempt status under Section 10(23C) to the Tamil Nadu Trade Promotion Organisation, Chennai, for assessment years 2001 2002 to 2003 2004, conditioned on applying income wholly to its objects or accumulating for that purpose; investing funds only in permitted modes (excluding certain tangible voluntary contributions); treating business income as non exempt unless incidental and separately accounted; regular filing of income tax returns; and on dissolution transferring surplus and assets to a charitable organisation with similar objectives.
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