The Central Government notifies the 'Govind Bhawan Karyalya, Kolkata' for the purpose of clause (23C) (v) of section 10 of the Income-tax Act. 1961 - 211/2003 - Income Tax Act, 1961
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Tax notification under income tax clause: organisation recognised subject to conditions on income application and investment restrictions. Notification recognises Govind Bhawan Karyalya, Kolkata under clause (23C)(v) of section 10 for specified assessment years, conditional on: exclusive application or authorised accumulation of income to its objects; investment and deposit only in forms permitted by section 11(5) (excluding certain voluntary contributions held as articles); non-application to business profits unless incidental and separately accounted; regular filing of income tax returns; and transfer of surplus and assets to a like minded charitable organisation on dissolution.
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Provisions expressly mentioned in the judgment/order text.
Tax notification under income tax clause: organisation recognised subject to conditions on income application and investment restrictions.
Notification recognises Govind Bhawan Karyalya, Kolkata under clause (23C)(v) of section 10 for specified assessment years, conditional on: exclusive application or authorised accumulation of income to its objects; investment and deposit only in forms permitted by section 11(5) (excluding certain voluntary contributions held as articles); non-application to business profits unless incidental and separately accounted; regular filing of income tax returns; and transfer of surplus and assets to a like minded charitable organisation on dissolution.
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