Tax exemption under section 10(23C)(iv) subject to investment limits, incidental business test, return filing and dissolution transfer. Notification under section 10(23C)(iv) recognises Southern Health Improvement Samity as an exempt entity for the specified assessment years provided it applies income wholly to its charitable objects, confines investments to modes permitted under section 11(5) (except certain voluntary contributions), treats business income as exempt only if incidental with separate books, regularly files income-tax returns, and on dissolution transfers surplus and assets to a like-minded 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 under section 10(23C)(iv) subject to investment limits, incidental business test, return filing and dissolution transfer.
Notification under section 10(23C)(iv) recognises Southern Health Improvement Samity as an exempt entity for the specified assessment years provided it applies income wholly to its charitable objects, confines investments to modes permitted under section 11(5) (except certain voluntary contributions), treats business income as exempt only if incidental with separate books, regularly files income-tax returns, and on dissolution transfers surplus and assets to a like-minded charitable organisation.
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