The Central Government notifies the 'Shri Laxmji Mandir Trust, Bet' under clause (23C)(v) of section 10 of the Income-tax Act, 1961 - 280/2002 - Income Tax Act, 1961
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Tax exemption notification grants trust status subject to income application, permitted investments, filing and dissolution conditions. Notification grants the Shri Laxmji Mandir Trust tax-exempt recognition under clause (23C)(v) of section 10 for specified assessment years, conditional on application of income exclusively to its objects or lawful accumulation; restricting investments to forms in section 11(5) (excluding specified voluntary contributions); excluding business income unless incidental with separate accounts; requiring regular filing of income-tax returns; and mandating that on dissolution surplus and assets be transferred to a like 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.
Tax exemption notification grants trust status subject to income application, permitted investments, filing and dissolution conditions.
Notification grants the Shri Laxmji Mandir Trust tax-exempt recognition under clause (23C)(v) of section 10 for specified assessment years, conditional on application of income exclusively to its objects or lawful accumulation; restricting investments to forms in section 11(5) (excluding specified voluntary contributions); excluding business income unless incidental with separate accounts; requiring regular filing of income-tax returns; and mandating that on dissolution surplus and assets be transferred to a like charitable organisation.
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