The Central Government notifies the 'Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya, Mt. Abu, Rajasthan' for the purpose of clause (23C) (iv) of section 10 of the Income-tax Act. 1961 - 202/2003 - Income Tax Act, 1961
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Tax exemption notification conditioned on exclusive application of income, restricted investments, separate business accounts, and return filing. Notification designates Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya as entitled to tax exemption under clause (23C)(iv) of section 10 for assessment years 2003-04 to 2005-06, on conditions that income be applied or accumulated solely for its objects, investments be limited to forms in subsection (5) of section 11 (except specified voluntary contributions), business profits qualify only if incidental with separate books, returns are regularly filed, and surplus/assets on dissolution transfer 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 notification conditioned on exclusive application of income, restricted investments, separate business accounts, and return filing.
Notification designates Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya as entitled to tax exemption under clause (23C)(iv) of section 10 for assessment years 2003-04 to 2005-06, on conditions that income be applied or accumulated solely for its objects, investments be limited to forms in subsection (5) of section 11 (except specified voluntary contributions), business profits qualify only if incidental with separate books, returns are regularly filed, and surplus/assets on dissolution transfer to a similar charitable organisation.
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