Tax-exempt notification applies subject to charitable application of income, permitted investments, business-incidental limits and filing obligations. Notification under Section 10(23C)(iv) notifies India Trade Promotion Organisation as eligible for the exemption for the stated assessment years, subject to conditions that income be applied wholly and exclusively to its objects; investments and deposits be limited to forms specified in Section 11(5) (except certain voluntary contributions in kind); business income is excluded unless incidental and maintained in separate books; and the assessee regularly files its return of income under the Income-tax Act.
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-exempt notification applies subject to charitable application of income, permitted investments, business-incidental limits and filing obligations.
Notification under Section 10(23C)(iv) notifies India Trade Promotion Organisation as eligible for the exemption for the stated assessment years, subject to conditions that income be applied wholly and exclusively to its objects; investments and deposits be limited to forms specified in Section 11(5) (except certain voluntary contributions in kind); business income is excluded unless incidental and maintained in separate books; and the assessee regularly files its return of income under the Income-tax Act.
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