The Central Govt. notified 'Bombay Iron & Steel Labour Board, Mumbai' under section 10(23C) for the assessment year 1993-1994 to 1995-1996 - 230/2004 - Income Tax Act, 1961
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Income-tax exemption notified for Bombay Iron & Steel Labour Board, subject to exclusive application, investment limits and compliance. The Central Government notified income-tax exemption for Bombay Iron & Steel Labour Board, Mumbai for assessment years 1993-1994 to 1995-1996, conditional on exclusive application or accumulation of income for its objects; restriction of investments and deposits to forms permitted for charitable funds (except specified voluntary contributions kept in kind); exemption of business income only if incidental with separate books maintained; regular filing of income-tax returns; and transfer of surplus and assets on dissolution 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.
Income-tax exemption notified for Bombay Iron & Steel Labour Board, subject to exclusive application, investment limits and compliance.
The Central Government notified income-tax exemption for Bombay Iron & Steel Labour Board, Mumbai for assessment years 1993-1994 to 1995-1996, conditional on exclusive application or accumulation of income for its objects; restriction of investments and deposits to forms permitted for charitable funds (except specified voluntary contributions kept in kind); exemption of business income only if incidental with separate books maintained; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.
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