The Central Government notifies the 'Adhiprasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 334/2002 - Income Tax Act, 1961
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Charitable trust notification: recognition for tax exemption subject to income application, permitted investments, filing, and dissolution conditions. Notification recognises the trust for clause (23C)(iv) of section 10 for specified assessment years on conditions that the trust apply or accumulate income solely to its objects; limit investments to forms permitted under section 11(5) (except voluntary contributions held as jewellery, furniture, etc.); exclude business profits unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a similar charitable organisation.
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.
Charitable trust notification: recognition for tax exemption subject to income application, permitted investments, filing, and dissolution conditions.
Notification recognises the trust for clause (23C)(iv) of section 10 for specified assessment years on conditions that the trust apply or accumulate income solely to its objects; limit investments to forms permitted under section 11(5) (except voluntary contributions held as jewellery, furniture, etc.); exclude business profits unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a similar charitable organisation.
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