https://www.taxtmi.com/circulars?id=10493 An institution that applies its income wholly and exclusively to its objects or accumulates it for application, and that invests surplus in the modes permitted by law, is eligible for notification under the relevant provision, provided other statutory conditions are met; the requirement to apply a specified percentage of income within the same year is not a prerequisite for notification. en-us Mon, 04 May 1998 00:00:00 +0530 Tue, 14 Jun 2011 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10493 An institution that applies its income wholly and exclusively to its objects or accumulates it for application, and that invests surplus in the modes permitted by law, is eligible for notification under the relevant provision, provided other statutory conditions are met; the requirement to apply a specified percentage of income within the same year is not a prerequisite for notification. Circulars Income Tax Mon, 04 May 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10493