Tax exemption under section 10(23C): notification grants status to Council for Leather Exports subject to compliance conditions. Notification grants exemption status under section 10(23C) to the Council for Leather Exports, Chennai for the specified assessment years, subject to conditions: apply income wholly to objects; invest or deposit funds only in permitted forms; exclude business income unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus assets to a charitable organisation with similar objectives.
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): notification grants status to Council for Leather Exports subject to compliance conditions.
Notification grants exemption status under section 10(23C) to the Council for Leather Exports, Chennai for the specified assessment years, subject to conditions: apply income wholly to objects; invest or deposit funds only in permitted forms; exclude business income unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus assets to a charitable organisation with similar objectives.
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