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.]