https://www.taxtmi.com/notifications?id=7162 Notification under Section 10(23C) grants exemption to the Bombay Iron & Steal Labour Board for specified assessment years subject to conditions: income must be applied or accumulated solely for the board's objects; investments are restricted to permitted forms (with limited exceptions for certain voluntary contributions); business income is excluded unless incidental and separately accounted; the assessee must file income-tax returns regularly; and on dissolution surplus assets must transfer to a charitable organisation with similar objectives. en-us Tue, 24 Aug 2004 00:00:00 +0530 Fri, 25 Jul 2008 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=7162 Notification under Section 10(23C) grants exemption to the Bombay Iron & Steal Labour Board for specified assessment years subject to conditions: income must be applied or accumulated solely for the board's objects; investments are restricted to permitted forms (with limited exceptions for certain voluntary contributions); business income is excluded unless incidental and separately accounted; the assessee must file income-tax returns regularly; and on dissolution surplus assets must transfer to a charitable organisation with similar objectives. Notifications Income Tax Tue, 24 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/notifications?id=7162