The Central Government notified the 'Hamdard Dawakhana (Wakf), Delhi' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 087/2002 - Income Tax
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Tax exemption notification: charitable wakf notified under clause 23C(iv) subject to application, investment, business and dissolution conditions. Notification designates Hamdard Dawakhana (Wakf), Delhi under clause (23C)(iv) of section 10 for assessment years 2001-2002 to 2003-2004, subject to conditions: income must be applied or accumulated wholly for stated objects; investments limited to modes permitted by the Act except specified forms of voluntary contributions; business income excluded unless incidental with separate books; regular filing of income-tax returns; and on dissolution surplus and assets to be transferred to a similar charitable organization.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption notification: charitable wakf notified under clause 23C(iv) subject to application, investment, business and dissolution conditions.
Notification designates Hamdard Dawakhana (Wakf), Delhi under clause (23C)(iv) of section 10 for assessment years 2001-2002 to 2003-2004, subject to conditions: income must be applied or accumulated wholly for stated objects; investments limited to modes permitted by the Act except specified forms of voluntary contributions; business income excluded unless incidental with separate books; regular filing of income-tax returns; and on dissolution surplus and assets to be transferred to a similar charitable organization.
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