The Central Government notified the 'Foundation Aga Khan, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 148/2002 - Income Tax Act, 1961

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Tax exemption notification conditions require exclusive application of income and restricted investments with compliance obligations. Notification grants tax-exempt status to Foundation Aga Khan subject to conditions: income must be applied exclusively to charitable objects; investments limited to modes in section 11(5) except certain voluntary contributions; business income excluded unless incidental with separate books; regular filing of income-tax returns is required; on dissolution surplus assets must transfer to a charitable organization with similar objectives.

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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.

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Tax exemption notification conditions require exclusive application of income and restricted investments with compliance obligations.

Notification grants tax-exempt status to Foundation Aga Khan subject to conditions: income must be applied exclusively to charitable objects; investments limited to modes in section 11(5) except certain voluntary contributions; business income excluded unless incidental with separate books; regular filing of income-tax returns is required; on dissolution surplus assets must transfer to a charitable organization with similar objectives.

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The Central Government notified the 'Foundation Aga Khan, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 148/2002 - Income Tax Act, 1961

Tax exemption notification conditions require exclusive application of income and restricted investments with compliance obligations.

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The Central Government notified the 'Foundation Aga Khan, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 148/2002 - Income Tax Act, 1961

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Tax exemption notification conditions require exclusive application of income and restricted investments with compliance obligations.

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