https://www.taxtmi.com/circulars?id=9904 Amendments effective 1 April 1990 require applicants for exemption under section 10(23C)(iv) and (v) to submit prescribed Form No.56 with supporting documents, undergo verification of activities, apply income wholly and exclusively to stated objects with permitted investments, and maintain separate accounting for incidental business; investments outside prescribed specifications after 30 March 1990 disqualify entitlement. Notifications are time limited, conditions are cumulative, audited accounts should be examined (preferably three years), and recommendations must contain specific, reasoned findings signed by the Commissioner/Director. en-us Mon, 03 Dec 1990 00:00:00 +0530 Thu, 09 Jun 2011 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9904 Amendments effective 1 April 1990 require applicants for exemption under section 10(23C)(iv) and (v) to submit prescribed Form No.56 with supporting documents, undergo verification of activities, apply income wholly and exclusively to stated objects with permitted investments, and maintain separate accounting for incidental business; investments outside prescribed specifications after 30 March 1990 disqualify entitlement. Notifications are time limited, conditions are cumulative, audited accounts should be examined (preferably three years), and recommendations must contain specific, reasoned findings signed by the Commissioner/Director. Circulars Income Tax Mon, 03 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9904