Approved "Social Work & Research Centre, Tilonia, Ajmer (Rajasthan)" u/s 10(23C)(vi) - S.O. 2327 - Income Tax

Approved "Social Work Research Centre, Tilonia, Ajmer (Rajasthan)" u/s 10(23C)(vi) OFFICE OF THE CHIEF COMMISSIONER OF INCOME TAX Udaipur , the 19th August 2009 No. 11/2009-10 (INCOME-TAX) S.O. 2327. - In exercise of the powers conferred by sub-section (iv) of Clause (23C) of Section 10 of the Income-tax Act, 1961 (43 of 1961) , read with rule 2C of the Income-tax Rules, 1962 , I, Chief Commissioner of Income tax, Udaipur hereby notify the "Social Work Research Centre, Tilonia, Ajmer (Rajasthan)" for the purpose of the said sub-clause for the assessment years 2009-10 to 2011-12 subject to the following conditions, namely:- (i) The assessee will apply its income, or accumulate for application, wholly and exclusively to the objects for which it is established; (ii) The assessee will not invest or deposit its fund (other than voluntary contributions received and maintained in the form of jewellery, furniture etc.) for any period during the previous year relevant to the assessment years mentioned above othetwise than in any one or more of the form or modes specified in sub-section (5) of section 11 ; (iii) This notification will not apply in relation to any income being profits and gain of business unless the business is incidental to the attainment of the objectives of the assessee and separate books of account are maintained in respect of such business; (iv) The assessee will regularly file its return of income before the Income-tax authority in accordance with the provisions of the Income-tax Act, 1961 ; (v) That in the event of dissolution, its surplus and the assets will be given to a charitable organization with similar objectives. This notification is aplicable only to the recipients of income on behalf of the assesee and not to any other receipients of income of such recipients. Taxability or otherwise of the income of the assessee would be separately considered as per the provisions of the Income-tax Act, 1961 . [No. CCIT/UDR/ITO (Tech. 10/1164] MUKESH BHANTI, Chief Commissioner of Income-Tax