Tax exemption under income tax law confirms charitable status of Tirumala Tirupati Devasthanams for specified assessment years. The Central Government, invoking sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961, notifies a specified charitable institution for the purpose of that provision and limits the notification to the assessment years set out in the instrument, thereby defining the temporal scope of the statutory tax recognition.
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Tax exemption under income tax law confirms charitable status of Tirumala Tirupati Devasthanams for specified assessment years.
The Central Government, invoking sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961, notifies a specified charitable institution for the purpose of that provision and limits the notification to the assessment years set out in the instrument, thereby defining the temporal scope of the statutory tax recognition.
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