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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Maratha Mandir Mumbai Recognized Under Section 10(23C)(iv) for Tax Exemption: Key Conditions and Compliance</h1> The Central Government has notified 'Maratha Mandir, Mumbai' under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification stipulates conditions: the assessee must apply its income solely for its established objectives, invest funds according to specified modes, and maintain separate accounts for any business activity incidental to its objectives. Additionally, the assessee is required to file regular income tax returns and, upon dissolution, transfer any surplus and assets to a similar charitable organization.
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