TMI BlogAny income received by any person on behalf of Jallianwala Bagh National Memorial Trust, Amritsar exempted under Section 10 (23C)(iv)X X X X Extracts X X X X X X X X Extracts X X X X ..... d 28-5-2007 In exercise of powers conferred by the sub-clause ( iv ) of the clause ( 23C ) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of "Jallianwala Bagh National Memorial Trust, Amritsar" (hereinafter the "Institution") shall not be included in the total income of such person subject to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business; ( d ) the Institution will regularly file its return of income before the Income-tax authority in accordance with the provisions of the Income-tax Act, 1961; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cable for Assessment Year 2007-08 and onwards. 4. The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution ore not genuine or if they are not carried out in accordance with all or any of the conditions subject to which if was notified. [F. No. 197/33/2007-ITA-I] - Notification Tax Management India - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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