The Central Government notifies 'The Maharana Pratap Smarak Samity, Udauipur, Rajasthan' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 046/2002 - Income Tax Act, 1961
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Tax exemption recognition under clause (23C)(iv) granted to trust, subject to investment, accounting, filing and dissolution conditions. Notification grants tax-exemption recognition to The Maharana Pratap Smarak Samity, Udaipur for specified assessment years, conditioned on applying or accumulating income exclusively for its objects, restricting investments to permitted forms, treating business income as exempt only if incidental with separate books maintained, regular filing of income-tax returns, and transferring surplus assets on dissolution to a similar 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 recognition under clause (23C)(iv) granted to trust, subject to investment, accounting, filing and dissolution conditions.
Notification grants tax-exemption recognition to The Maharana Pratap Smarak Samity, Udaipur for specified assessment years, conditioned on applying or accumulating income exclusively for its objects, restricting investments to permitted forms, treating business income as exempt only if incidental with separate books maintained, regular filing of income-tax returns, and transferring surplus assets on dissolution to a similar charitable organization.
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