The Central Government notifies the 'Diocese of Aurangabad, Aurangabad' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 401/2002 - Income Tax Act, 1961
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Tax exemption recognition for Diocese subject to exclusive application of income, restricted investments, filing and dissolution conditions. Notification under the clause (23C)(iv) of section 10 recognizes the Diocese of Aurangabad as eligible for income-tax exemption for specified assessment years, subject to conditions requiring exclusive application or lawful accumulation of income, permitted forms of investment, exclusion of non-incidental business income unless separately accounted, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a similarly purposed charitable organization.
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 recognition for Diocese subject to exclusive application of income, restricted investments, filing and dissolution conditions.
Notification under the clause (23C)(iv) of section 10 recognizes the Diocese of Aurangabad as eligible for income-tax exemption for specified assessment years, subject to conditions requiring exclusive application or lawful accumulation of income, permitted forms of investment, exclusion of non-incidental business income unless separately accounted, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a similarly purposed charitable organization.
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