Tax exemption recognition under section 10(23C)(iv) grants notified status to National Sponsorship Council from the stated assessment year. Notification confers tax-exempt status on National Sponsorship Council, Bombay under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, the Central Government formally notifies the body for the purposes of that provision with effect from the stated assessment year, establishing it as a notified institution eligible for the statutory concessional tax treatment.
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 recognition under section 10(23C)(iv) grants notified status to National Sponsorship Council from the stated assessment year.
Notification confers tax-exempt status on National Sponsorship Council, Bombay under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, the Central Government formally notifies the body for the purposes of that provision with effect from the stated assessment year, establishing it as a notified institution eligible for the statutory concessional tax treatment.
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