Charitable status notification requires exclusive application of income and compliance with prescribed investment, business and dissolution conditions. Notification under section 10(23C) notifies William Carey Study and Research Centre as eligible under sub-clause (v) of clause (23C) for the specified assessment years, subject to conditions: application of income wholly and exclusively to objects; investments only in modes specified in Section 11(5) except certain voluntary contributions; business income excluded unless incidental and separately accounted; regular filing of returns; and transfer of surplus 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.
Charitable status notification requires exclusive application of income and compliance with prescribed investment, business and dissolution conditions.
Notification under section 10(23C) notifies William Carey Study and Research Centre as eligible under sub-clause (v) of clause (23C) for the specified assessment years, subject to conditions: application of income wholly and exclusively to objects; investments only in modes specified in Section 11(5) except certain voluntary contributions; business income excluded unless incidental and separately accounted; regular filing of returns; and transfer of surplus assets on dissolution to a charitable organisation with similar objectives.
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