The Central govt. notified the "Jyotirmath Badrika-shram Himalaya, Sri Guru Paduka Bhawan, Kolkata" under section 10(23C) of the Income-tax Act, 1961 - 051/2004 - Income Tax

The Central govt. notified the "Jyotirmath Badrika-shram Himalaya , Sri Guru Paduka Bhawan, Kolkata" under section 10(23C) of the Income-tax Act, 1961 Notification No. 51/2004 Dated 19-2-2004 In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Jyotirmath Badrika-shram Himalaya, Sri Guru Paduka Bhawan, Kolkata., for the purpose of the said sub-clause for the assessment years 2002-2003 to 2004-2005 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 years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of section 11 ; (iii) This notification will 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 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 organisation with similar objectives. [Notification No. 51/2004/F. No. 197/190/2003/ITA-I]