Charitable trust notification conditioned on exclusive application of income and restricted permitted investments, with dissolution asset transfer requirement. Notification recognises Bala Mandir Kamraj Trust for specified assessment years subject to conditions: income must be applied or accumulated exclusively for trust objects; investments permitted only in specified modes with an exception for voluntary contributions in kind; business profits excluded unless incidental and separately accounted; regular filing of income-tax returns is required; on dissolution surplus and assets must transfer 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 trust notification conditioned on exclusive application of income and restricted permitted investments, with dissolution asset transfer requirement.
Notification recognises Bala Mandir Kamraj Trust for specified assessment years subject to conditions: income must be applied or accumulated exclusively for trust objects; investments permitted only in specified modes with an exception for voluntary contributions in kind; business profits excluded unless incidental and separately accounted; regular filing of income-tax returns is required; on dissolution surplus and assets must transfer to a charitable organisation with similar objectives.
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