The Central Government notified the 'Sundaram Charities, Chennai' under clause (23C)(v) of section 10 of the Income-tax Act, 1961 - 125/2002 - Income Tax Act, 1961
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Tax exemption notification grants conditional recognition to a charitable trust, imposing investment, accounting, return filing, and dissolution rules. Notification grants tax exemption recognition to Sundaram Charities for the specified assessment years subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to statutory modes; exclude business income unless incidental and maintained in separate books; file returns regularly; and on dissolution transfer surplus assets to a like 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 notification grants conditional recognition to a charitable trust, imposing investment, accounting, return filing, and dissolution rules.
Notification grants tax exemption recognition to Sundaram Charities for the specified assessment years subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to statutory modes; exclude business income unless incidental and maintained in separate books; file returns regularly; and on dissolution transfer surplus assets to a like charitable organization.
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