Any income received by any person on behalf of “The Church of South India Trust Association, CSI Centre, No. 5, Whites Road, P.B.No 688, Chennai exempted under Section 10 (23C)(v)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , P.B.No 688, Chennai exempted under Section 10 (23C)(v) NOTIFICATION NO. 62/2007, DATED 28-2-2007 In exercise of powers conferred by the sub-clause (v) of the Clause (23 C ) 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 "The Church of South India Trust Association, CSI Centre, No. 5, W .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of the section 11 ; (c) 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 Institution and separate books of account are maintained in respect of such business; (d) the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erwise of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961. 3. This notification is applicable 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 The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in ac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X