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Notifies the St. Xaviers Education Trust, Mumbai u/s 10(23C)(vi)

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..... , the Central Government hereby notifies the St. Xaviers Education Trust, Mumbai, for the purpose of the said sub-clause for the assessment years 1999-2000 to 2001-2002 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 .....

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..... the assets will be given to a charitable organisation with similar objectives. ( vi ) that the trust will ensure that investments are as per the modes specified in sub-section (5) of section 11 of the Income-tax Act, 1961, before 31-3-2001. [Notification No. 2/2001/F. No. 197/111/2000-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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