Tax exemption notification under section 10(23C)(v): Sri Sringeri Mutt recognized for tax-exempt status for the assessment year. The Central Government, exercising its statutory power under the relevant clause of section 10, notifies Sri Sringeri Mutt, Sringeri as eligible for tax-exempt treatment under the charitable-institution provision of the Income-tax Act for the specified assessment year, thereby conferring statutory recognition necessary for exemption.
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Tax exemption notification under section 10(23C)(v): Sri Sringeri Mutt recognized for tax-exempt status for the assessment year.
The Central Government, exercising its statutory power under the relevant clause of section 10, notifies Sri Sringeri Mutt, Sringeri as eligible for tax-exempt treatment under the charitable-institution provision of the Income-tax Act for the specified assessment year, thereby conferring statutory recognition necessary for exemption.
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