The Central Government notifies the 'The Theosophical Society, Adyar, Chennai' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 236/2002 - Income Tax Act, 1961
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Tax exemption notification grants charitable status to The Theosophical Society subject to conditions on income use and investments. Notification designates The Theosophical Society, Adyar, Chennai as eligible for charitable tax exemption for the specified assessment years, conditional on applying income wholly to its objects, restricting investments to statutory permitted forms (with limited treatment for certain voluntary contributions), treating business income as non exempt unless incidental and separately accounted, filing returns regularly, and transferring surplus and assets on dissolution to a similarly purposed 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 notification grants charitable status to The Theosophical Society subject to conditions on income use and investments.
Notification designates The Theosophical Society, Adyar, Chennai as eligible for charitable tax exemption for the specified assessment years, conditional on applying income wholly to its objects, restricting investments to statutory permitted forms (with limited treatment for certain voluntary contributions), treating business income as non exempt unless incidental and separately accounted, filing returns regularly, and transferring surplus and assets on dissolution to a similarly purposed charitable organization.
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