Income-tax Act, 1961
Section - 12AC - Merger of charitable trusts or institutions in certain cases
1[Merger of charitable trusts or institutions in certain cases.12AC. Where any trust or institution registered under section 12AB or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10, as the case may be, merges with another trust or institution, the provisions of Chapter XII-EB shall not apply if--
| (a) | - | the other trust or institution has same or similar objects; |
| (b) | - | the other trust or institution is registered under section 12AA or section 12AB or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10, as the case may be; and |
| (c) | - | the said merger fulfils such conditions as may be prescribed.] |
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