The Central Government notifies the 'Shree Kavale Math Samsthan, 91, Banganga Road, Walkeshwar-Mumbai-400 006' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 188/2003 - Income Tax Act, 1961
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Tax exemption notification: entity recognised under income tax provision subject to application, investment, business and dissolution conditions. Notification recognises Shree Kavale Math Samsthan for tax exemption under the income tax provision for specified assessment years, conditional on: application of income wholly to its objects or accumulation for that purpose; investment and deposit restrictions limited to statutory forms (except specified voluntary contributions); exclusion of business income unless incidental with separate books; regular filing of income tax returns; and transfer of surplus and assets to a similar charitable organisation upon dissolution.
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 notification: entity recognised under income tax provision subject to application, investment, business and dissolution conditions.
Notification recognises Shree Kavale Math Samsthan for tax exemption under the income tax provision for specified assessment years, conditional on: application of income wholly to its objects or accumulation for that purpose; investment and deposit restrictions limited to statutory forms (except specified voluntary contributions); exclusion of business income unless incidental with separate books; regular filing of income tax returns; and transfer of surplus and assets to a similar charitable organisation upon dissolution.
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