The Central Government notifies the 'The Clearing & Forwarding Unprotected Dock Labour Board, Mumbai' for the purpose of clause (23C) (iv) of section 10 of the Income-tax Act. 1961 - 174/2003 - Income Tax Act, 1961
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Income-tax exemption under section 10(23C)(iv) notified for the dock labour board, subject to specified compliance conditions. Notification designates The Clearing & Forwarding Unprotected Dock Labour Board, Mumbai as eligible under section 10(23C)(iv) for assessment years 1993-94 to 1995-96, conditional on applying or accumulating income solely for its objects, restricting investments to forms allowed by section 11(5) (except certain voluntary contributions), excluding business income unless incidental with separate books, regular income-tax return filing, and transfer of surplus assets on dissolution to a like charitable organisation.
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Income-tax exemption under section 10(23C)(iv) notified for the dock labour board, subject to specified compliance conditions.
Notification designates The Clearing & Forwarding Unprotected Dock Labour Board, Mumbai as eligible under section 10(23C)(iv) for assessment years 1993-94 to 1995-96, conditional on applying or accumulating income solely for its objects, restricting investments to forms allowed by section 11(5) (except certain voluntary contributions), excluding business income unless incidental with separate books, regular income-tax return filing, and transfer of surplus assets on dissolution to a like charitable organisation.
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