Tax exemption under section 10(23C) granted subject to exclusive income application, permitted investments, filing and dissolution transfer. Recognition under section 10(23C)(iv) is granted to The Tribune Trust, Chandigarh subject to conditions requiring exclusive application of income to its objects; investment of funds only in permitted modes (except specified voluntary contributions); exclusion of business income unless incidental and separately accounted; regular filing of returns under the Income-tax Act; and transfer of surplus assets to a charitable organisation with similar objectives on 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 under section 10(23C) granted subject to exclusive income application, permitted investments, filing and dissolution transfer.
Recognition under section 10(23C)(iv) is granted to The Tribune Trust, Chandigarh subject to conditions requiring exclusive application of income to its objects; investment of funds only in permitted modes (except specified voluntary contributions); exclusion of business income unless incidental and separately accounted; regular filing of returns under the Income-tax Act; and transfer of surplus assets to a charitable organisation with similar objectives on dissolution.
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