Tax exemption approval for Madhya Pradesh Mahila Kalyan Samiti subject to exclusive application of income and prescribed compliance conditions. Notification grants tax exemption under section 10(23C)(iv) to Madhya Pradesh Mahila Kalyan Samiti Bhopal for specified assessment years, subject to conditions: income must be applied or accumulated exclusively for its objects; investments restricted to forms permitted by section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); business income excluded unless incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organization with similar objectives.
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Tax exemption approval for Madhya Pradesh Mahila Kalyan Samiti subject to exclusive application of income and prescribed compliance conditions.
Notification grants tax exemption under section 10(23C)(iv) to Madhya Pradesh Mahila Kalyan Samiti Bhopal for specified assessment years, subject to conditions: income must be applied or accumulated exclusively for its objects; investments restricted to forms permitted by section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); business income excluded unless incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organization with similar objectives.
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