Tax exemption under section 10(23) granted to a badminton association subject to charitable use, investment and dissolution conditions. Central Government notified the Poona District & Metropolitan Badminton Association, Pune under section 10(23) for assessment years 1993-94 to 1995-96, subject to conditions that income be applied exclusively to its objects, investments be limited to prescribed forms, business income be treated as incidental only if separately accounted, returns be regularly filed, and surplus on dissolution be transferred to a similar 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 under section 10(23) granted to a badminton association subject to charitable use, investment and dissolution conditions.
Central Government notified the Poona District & Metropolitan Badminton Association, Pune under section 10(23) for assessment years 1993-94 to 1995-96, subject to conditions that income be applied exclusively to its objects, investments be limited to prescribed forms, business income be treated as incidental only if separately accounted, returns be regularly filed, and surplus on dissolution be transferred to a similar charitable organisation.
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