The Central Government notifies the 'Rajiv Gandhi Foundation, New Delhi' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 345/2002 - Income Tax Act, 1961
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Tax exemption recognition for Rajiv Gandhi Foundation subject to income application, investment limits, compliance and dissolution transfer conditions. Central Government notification designates Rajiv Gandhi Foundation as entitled to the tax exemption category under clause (23C)(iv) of section 10 for specified assessment years, conditioned on exclusive application or accumulation of income for its objects; investment and deposit restrictions confined to permitted forms; exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and transfer of surplus and assets to a charitable organization with similar objectives on dissolution.
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 Rajiv Gandhi Foundation subject to income application, investment limits, compliance and dissolution transfer conditions.
Central Government notification designates Rajiv Gandhi Foundation as entitled to the tax exemption category under clause (23C)(iv) of section 10 for specified assessment years, conditioned on exclusive application or accumulation of income for its objects; investment and deposit restrictions confined to permitted forms; exclusion of business income unless incidental with separate books; regular filing of income-tax returns; and transfer of surplus and assets to a charitable organization with similar objectives on dissolution.
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