Tax exemption notification designates Mysore Resettlement and Development Agency as charitable under section 10(23C) subject to compliance. Notification designates Mysore Resettlement and Development Agency as eligible under section 10(23C) for specified assessment years, conditional on applying or accumulating income solely for its objects; investing only in forms permitted by section 11(5) (except certain voluntary contribution holdings); treating business income as taxable unless incidental and separately accounted; regularly filing income-tax returns; and transferring surplus and assets on dissolution to a like-minded 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.
Tax exemption notification designates Mysore Resettlement and Development Agency as charitable under section 10(23C) subject to compliance.
Notification designates Mysore Resettlement and Development Agency as eligible under section 10(23C) for specified assessment years, conditional on applying or accumulating income solely for its objects; investing only in forms permitted by section 11(5) (except certain voluntary contribution holdings); treating business income as taxable unless incidental and separately accounted; regularly filing income-tax returns; and transferring surplus and assets on dissolution to a like-minded charitable organisation.
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 
