Charitable recognition under Section 10(23C)(iv) ties tax-exempt status to exclusive income use, permitted investments, and dissolution rules. Notification under Section 10(23C)(iv) recognises His Holiness the Dalai Lama's Charitable Trust for specified assessment years subject to conditions: exclusive application or accumulation of income for stated objects; investment limited to forms specified under the Income-tax Act; exclusion of business income unless incidental and shown in separate books; regular filing of income-tax returns; and transfer of surplus assets on dissolution 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.
Charitable recognition under Section 10(23C)(iv) ties tax-exempt status to exclusive income use, permitted investments, and dissolution rules.
Notification under Section 10(23C)(iv) recognises His Holiness the Dalai Lama's Charitable Trust for specified assessment years subject to conditions: exclusive application or accumulation of income for stated objects; investment limited to forms specified under the Income-tax Act; exclusion of business income unless incidental and shown in separate books; regular filing of income-tax returns; and transfer of surplus assets on dissolution to a like-minded charitable organisation.
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