Tax exemption under Section 10(23) granted subject to exclusive application of income, investment limits, return filing, and dissolution rules. Notification under Section 10(23) confers tax exemption on the Amateur Athletic Federation of India for specified assessment years provided it applies or accumulates income wholly and exclusively to its objects; restricts investments to statutory modes except certain voluntary contributions; excludes business income unless incidental and separately accounted; mandates regular filing of income tax returns; and requires that on dissolution surplus assets be transferred 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) granted subject to exclusive application of income, investment limits, return filing, and dissolution rules.
Notification under Section 10(23) confers tax exemption on the Amateur Athletic Federation of India for specified assessment years provided it applies or accumulates income wholly and exclusively to its objects; restricts investments to statutory modes except certain voluntary contributions; excludes business income unless incidental and separately accounted; mandates regular filing of income tax returns; and requires that on dissolution surplus assets be transferred to a charitable organisation with similar objectives.
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