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The Central Government notifies 'The Periyar Self-Respect Propaganda Institution, Chennai' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 049/2002 - Income Tax Act, 1961
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Tax exemption for charitable institution contingent on exclusive application of income, permitted investments, separate business accounts, and asset transfer on dissolution. Notification grants tax-exempt status to The Periyar Self-Respect Propaganda Institution, Chennai, conditioned on applying or accumulating income exclusively for its objects; restricting investments to permitted modes except for voluntary contributions held in kind; excluding business income unless incidental and separately accounted; regular filing of income-tax returns; and transfer of 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 for charitable institution contingent on exclusive application of income, permitted investments, separate business accounts, and asset transfer on dissolution.
Notification grants tax-exempt status to The Periyar Self-Respect Propaganda Institution, Chennai, conditioned on applying or accumulating income exclusively for its objects; restricting investments to permitted modes except for voluntary contributions held in kind; excluding business income unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus assets on dissolution to a charitable organization with similar objectives.
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