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The Central Government notifies the 'Mata Aroritanandamayi Math, Kollam District, Kerala' under clause (23C) v) of section 10 of the Income-tax Act. 1961 - 025/2002 - Income Tax Act, 1961
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Charitable status notification: tax exemption granted subject to exclusive application of income and specified compliance conditions. Notification grants charitable status to Mata Aroritanandamayi Math for specified assessment years subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to forms permitted by law except specified voluntary contributions; exclude business income unless incidental and separately maintained; regularly file income tax returns; and, upon dissolution, transfer surplus and assets to a charitable organization with similar objects.
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 status notification: tax exemption granted subject to exclusive application of income and specified compliance conditions.
Notification grants charitable status to Mata Aroritanandamayi Math for specified assessment years subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to forms permitted by law except specified voluntary contributions; exclude business income unless incidental and separately maintained; regularly file income tax returns; and, upon dissolution, transfer surplus and assets to a charitable organization with similar objects.
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