Tax exemption for charitable institution granted conditionally under income tax law, subject to investment, business, filing and dissolution conditions. Notification grants conditional exemption to Gurudev Siddha Peeth for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income solely to its objects; restrict investments to permitted forms except for specified voluntary contributions in kind; exclude business income unless incidental and separately accounted; regularly file income tax returns; and on dissolution transfer surplus and assets to a like 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 for charitable institution granted conditionally under income tax law, subject to investment, business, filing and dissolution conditions.
Notification grants conditional exemption to Gurudev Siddha Peeth for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income solely to its objects; restrict investments to permitted forms except for specified voluntary contributions in kind; exclude business income unless incidental and separately accounted; regularly file income tax returns; and on dissolution transfer surplus and assets to a like charitable organisation.
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