https://www.taxtmi.com/caselaws?id=473142 Restricted administrative funds are not income available for application to charitable objects, while capacity-building support available for those objects is income. Transfers require verification of whether restrictions have been released and control has changed. Exemption under section 10(23C)(iv) remains available where approval is valid and activities are charitable. Up to 15% of income may be retained without conditions; excess income may be accumulated for application within five years. Before assessment year 2023-24, Form 10 and purpose specification requirements under section 11 did not apply to such accumulation. Allocating fees to a development fund does not establish payer intent to make corpus contributions; specifically collected corpus payments require verification. Article 289 immunity depends on income being State income, and Article 12's definition of State does not automatically apply. en-us Thu, 27 Jun 2024 00:00:00 +0530 Thu, 05 Nov 2026 11:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473142 Restricted administrative funds are not income available for application to charitable objects, while capacity-building support available for those objects is income. Transfers require verification of whether restrictions have been released and control has changed. Exemption under section 10(23C)(iv) remains available where approval is valid and activities are charitable. Up to 15% of income may be retained without conditions; excess income may be accumulated for application within five years. Before assessment year 2023-24, Form 10 and purpose specification requirements under section 11 did not apply to such accumulation. Allocating fees to a development fund does not establish payer intent to make corpus contributions; specifically collected corpus payments require verification. Article 289 immunity depends on income being State income, and Article 12's definition of State does not automatically apply. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473142