The Central Government notifies the 'Shri Dwarkadhishji Mandir Trust, Bet' under clause (23C)(v) of section 10 of the Income-tax Act, 1961 - 282/2002 - Income Tax Act, 1961
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Tax exemption under income tax provision granted subject to conditions on application of income, investments and dissolution assets. Notification grants tax-exempt status under clause (23C)(v) of section 10 for Shri Dwarkadhishji Mandir Trust, Bet for assessment years 1993-94 to 1995-96, subject to conditions: income must be applied or accumulated exclusively for trust objects; investments restricted to forms in section 11(5) (except certain voluntary contributions retained as jewellery or furniture); business income covered only if incidental and maintained in separate books; regular filing of returns; and on dissolution surplus and assets must go to a similar 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 under income tax provision granted subject to conditions on application of income, investments and dissolution assets.
Notification grants tax-exempt status under clause (23C)(v) of section 10 for Shri Dwarkadhishji Mandir Trust, Bet for assessment years 1993-94 to 1995-96, subject to conditions: income must be applied or accumulated exclusively for trust objects; investments restricted to forms in section 11(5) (except certain voluntary contributions retained as jewellery or furniture); business income covered only if incidental and maintained in separate books; regular filing of returns; and on dissolution surplus and assets must go to a similar charitable organization.
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