Exemption under section 10(23C)(iv): trust recognition conditioned on exclusively applying income, permitted investments, returns filing, and asset disposal. Recognition under section 10(23C)(iv) is granted to the Jallianwalla Bagh National Memorial Trust for specified assessment years, conditioned on applying income wholly and exclusively to its objects, restricting investments to statutory modes (excluding certain voluntary contributions in kind), excluding business income unless incidental and separately accounted, regular income-tax return filing, and transfer of surplus and assets on dissolution 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.
Exemption under section 10(23C)(iv): trust recognition conditioned on exclusively applying income, permitted investments, returns filing, and asset disposal.
Recognition under section 10(23C)(iv) is granted to the Jallianwalla Bagh National Memorial Trust for specified assessment years, conditioned on applying income wholly and exclusively to its objects, restricting investments to statutory modes (excluding certain voluntary contributions in kind), excluding business income unless incidental and separately accounted, regular income-tax return filing, and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.
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