The Central Government notifies the 'Shree Somnath Trust, Prabhas Patan, Distt.- Junagadh, Gujarat' for the purpose of clause (23C)(v) of section 10 of the Income-tax Act, 1961 - 033/2002 - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Charitable trust notification under section 10(23C)(v) enables tax-exempt status subject to compliance and investment conditions. Notification designates Shree Somnath Trust as covered under section 10(23C)(v) of the Income-tax Act, 1961 for assessment years 2001-2002 to 2003-2004, subject to conditions: wholly and exclusively applying or accumulating income for its objects; restricting investments to forms permitted by section 11(5) (except certain voluntary contributions maintained as jewellery or furniture); excluding business income unless incidental and separately accounted; requiring regular filing of income-tax returns; and directing transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.
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 trust notification under section 10(23C)(v) enables tax-exempt status subject to compliance and investment conditions.
Notification designates Shree Somnath Trust as covered under section 10(23C)(v) of the Income-tax Act, 1961 for assessment years 2001-2002 to 2003-2004, subject to conditions: wholly and exclusively applying or accumulating income for its objects; restricting investments to forms permitted by section 11(5) (except certain voluntary contributions maintained as jewellery or furniture); excluding business income unless incidental and separately accounted; requiring regular filing of income-tax returns; and directing transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
