The Central Government notifies the 'Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur, Tamil Nadu' for the purpose of clause (23C) (iv) of section 10 of the Income-tax Act. 1961 - 161/2003 - Income Tax Act, 1961
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Tax exemption under clause 23C(iv) of section 10 granted to a charitable trust subject to compliance conditions. Notification designates Adhiparasakthi Charitable, Medical, Educational and Cultural Trust as eligible under clause (23C)(iv) of section 10 of the Income-tax Act for the specified assessment years, subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to permitted modes (excluding certain voluntary contributions held in kind); business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus assets must go 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 clause 23C(iv) of section 10 granted to a charitable trust subject to compliance conditions.
Notification designates Adhiparasakthi Charitable, Medical, Educational and Cultural Trust as eligible under clause (23C)(iv) of section 10 of the Income-tax Act for the specified assessment years, subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to permitted modes (excluding certain voluntary contributions held in kind); business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus assets must go to a similar charitable organisation.
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