The Central Government notified the 'Sri Ganapati Sachchidananda Avadhoota Datta Peetha Trust (R), Mysore' under clause (23C)(v) of section 10 of the Income-tax Act, 1961 - 128/2002 - Income Tax Act, 1961
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Charitable trust notification: tax exemption granted subject to exclusive application of income and compliance obligations. Notification grants charitable trust recognition to the Sri Ganapati Sachchidananda Avadhoota Datta Peetha Trust (R), Mysore under clause (23C)(v) of section 10 for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively for trust objects; restrict investments to modes specified in section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); deny benefit for business income unless incidental with separate books; file regular returns; and on dissolution transfer surplus assets to a like charitable organisation.
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.
Charitable trust notification: tax exemption granted subject to exclusive application of income and compliance obligations.
Notification grants charitable trust recognition to the Sri Ganapati Sachchidananda Avadhoota Datta Peetha Trust (R), Mysore under clause (23C)(v) of section 10 for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively for trust objects; restrict investments to modes specified in section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); deny benefit for business income unless incidental with separate books; file regular returns; and on dissolution transfer surplus assets to a like charitable organisation.
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