The Central Government notified the 'Krishna Gopal Ayurvedic Dharmarth Aushodhalya Trust, Ajmer' for the purpose of clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 120/2002 - Income Tax Act, 1961
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Notification under clause 10(23C)(iv): recognition granted to trust subject to conditions on income application, investments and returns. Notification recognizes the Krishna Gopal Ayurvedic Dharmarth Aushodhalya Trust under clause (23C)(iv) of section 10 for specified assessment years, conditional on exclusive application or lawful accumulation of income, restricted investment modes as per section 11(5), exclusion of non-incidental business income unless separately accounted, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a like-minded 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.
Notification under clause 10(23C)(iv): recognition granted to trust subject to conditions on income application, investments and returns.
Notification recognizes the Krishna Gopal Ayurvedic Dharmarth Aushodhalya Trust under clause (23C)(iv) of section 10 for specified assessment years, conditional on exclusive application or lawful accumulation of income, restricted investment modes as per section 11(5), exclusion of non-incidental business income unless separately accounted, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a like-minded charitable organization.
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