The Central Government notifies the 'Exhibition Society, Hyderabad' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 308/2003 - Income Tax Act, 1961
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Tax exemption recognition under clause (23C)(iv) grants conditional relief to Exhibition Society Hyderabad subject to compliance requirements. Notification designates Exhibition Society, Hyderabad as eligible for exemption under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying or accumulating income exclusively for its objects; restricting investments to prescribed modes (except voluntary contributions retained in kind); excluding business income unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution transferring surplus and assets to a similarly purposed 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 recognition under clause (23C)(iv) grants conditional relief to Exhibition Society Hyderabad subject to compliance requirements.
Notification designates Exhibition Society, Hyderabad as eligible for exemption under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying or accumulating income exclusively for its objects; restricting investments to prescribed modes (except voluntary contributions retained in kind); excluding business income unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution transferring surplus and assets to a similarly purposed charitable organisation.
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