Recognition under section 10(23C)(v) notifies the Institute, conferring tax exempt status for specified assessment years. Central Government notification formally notifies The Institute of the Franciscan Missionaries of Mary Society, No. 10, Avanashi, Tamil Nadu, under the income tax provision specified by the sub clause, limited to assessment years 1988 89 and 1989 90, thereby applying the legal consequences of recognition under that sub clause for those years.
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Provisions expressly mentioned in the judgment/order text.
Recognition under section 10(23C)(v) notifies the Institute, conferring tax exempt status for specified assessment years.
Central Government notification formally notifies The Institute of the Franciscan Missionaries of Mary Society, No. 10, Avanashi, Tamil Nadu, under the income tax provision specified by the sub clause, limited to assessment years 1988 89 and 1989 90, thereby applying the legal consequences of recognition under that sub clause for those years.
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