Tax exemption under Section 10(23)(v) with conditional charitable-use and compliance requirements for notified trust period. Notification confers tax-exempt status under Section 10(23)(v) on Amrit Nath Ashram, Kolkata, for the stated assessment years, conditional on exclusive application or accumulation of income for its objects, investment of funds only in forms permitted under Section 11(5), business income being incidental and separately accounted for, regular filing of income-tax returns, and, upon dissolution, transfer of surplus and 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(23)(v) with conditional charitable-use and compliance requirements for notified trust period.
Notification confers tax-exempt status under Section 10(23)(v) on Amrit Nath Ashram, Kolkata, for the stated assessment years, conditional on exclusive application or accumulation of income for its objects, investment of funds only in forms permitted under Section 11(5), business income being incidental and separately accounted for, regular filing of income-tax returns, and, upon dissolution, transfer of surplus and assets to a charitable organisation with similar objectives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
