The Central Government notified the'Sri Aurobindo Samity, Kolkata' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 037/2002 - Income Tax Act, 1961
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Tax exemption under section 10(23C)(iv) granted to Sri Aurobindo Samity subject to specified application and compliance conditions. Notification grants tax exemption under clause (23C)(iv) of section 10 to Sri Aurobindo Samity, Kolkata for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms permitted by the statutory investment provisions (with voluntary contributions in jewellery or furniture excepted); exclude business income unless incidental with separate books; regularly file returns; and transfer surplus assets on dissolution to a charitable organization 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.
Tax exemption under section 10(23C)(iv) granted to Sri Aurobindo Samity subject to specified application and compliance conditions.
Notification grants tax exemption under clause (23C)(iv) of section 10 to Sri Aurobindo Samity, Kolkata for specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms permitted by the statutory investment provisions (with voluntary contributions in jewellery or furniture excepted); exclude business income unless incidental with separate books; regularly file returns; and transfer surplus assets on dissolution to a charitable organization with similar objectives.
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