Charitable exemption recognition under section 10(23C)(iv) constrained by investment, application, and business income conditions notification Notification under section 10(23C)(iv) recognizes Sri Ramkrishna Ashram for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; investments or deposits (excluding voluntary contributions in kind) are permitted only in forms specified by law; and business income is excluded unless incidental to the objectives and accounted for in separate books.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable exemption recognition under section 10(23C)(iv) constrained by investment, application, and business income conditions notification
Notification under section 10(23C)(iv) recognizes Sri Ramkrishna Ashram for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; investments or deposits (excluding voluntary contributions in kind) are permitted only in forms specified by law; and business income is excluded unless incidental to the objectives and accounted for in separate books.
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