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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Notifies Shree Saptashrung Nivasini Devi Trust Under Section 10(23C)(v) of Income-tax Act for 1995-98</h1> The Central Government has notified the 'Shree Saptashrung Nivasini Devi Trust, Saptashrung, Distt. Nashik' under clause (23C)(v) of section 10 of the Income-tax Act, 1961, applicable for assessment years 1995-96 to 1997-98. The notification stipulates that the Trust must apply its income solely to its established objectives, restrict investments to specified modes, maintain separate accounts for any incidental business income, file regular income tax returns, and, upon dissolution, transfer its surplus and assets to a similar charitable organization.
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