Tax exemption notification under section 10(23C) recognises charitable status subject to specified compliance and investment conditions. Notification under section 10(23C)(v) recognises the Guru Gobind Singh Foundation, Chandigarh for tax-exempt status for the stated assessment years subject to conditions: exclusive application or accumulation of income to its objects; permitted forms of investment as under Section 11(5) (except specified voluntary contributions); exclusion of business income unless incidental and separately accounted; regular filing of returns under the Income-tax Act; and transfer of surplus and assets on dissolution to a like 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 under section 10(23C) recognises charitable status subject to specified compliance and investment conditions.
Notification under section 10(23C)(v) recognises the Guru Gobind Singh Foundation, Chandigarh for tax-exempt status for the stated assessment years subject to conditions: exclusive application or accumulation of income to its objects; permitted forms of investment as under Section 11(5) (except specified voluntary contributions); exclusion of business income unless incidental and separately accounted; regular filing of returns under the Income-tax Act; and transfer of surplus and assets on dissolution to a like charitable organisation.
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