Tax exemption under section 10(23C): notification grants status to National Association for the Blind subject to compliance conditions. Notification grants the National Association for the Blind, India, Mumbai a tax exemption under section 10(23C) for assessment years 2002-2003 to 2004-2005, conditional on applying its income wholly and exclusively to its objects; restricting investments to forms specified in Section 11(5) (with limited treatment for voluntary contributions in kind); excluding business income except when incidental and separately accounted; regular income-tax return filing; and transferring surplus assets on dissolution to a similarly purposed charitable organisation.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C): notification grants status to National Association for the Blind subject to compliance conditions.
Notification grants the National Association for the Blind, India, Mumbai a tax exemption under section 10(23C) for assessment years 2002-2003 to 2004-2005, conditional on applying its income wholly and exclusively to its objects; restricting investments to forms specified in Section 11(5) (with limited treatment for voluntary contributions in kind); excluding business income except when incidental and separately accounted; regular income-tax return filing; and transferring surplus assets on dissolution to a similarly purposed charitable organisation.
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