Tax exemption notification under section 10(23C)(iv): status granted subject to application, investment, and accounting conditions. Notification under section 10(23C)(iv) notifies Rashtrotthana Parishat, Bangalore, for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments or deposits are restricted to forms permitted by section 11(5) except certain voluntary contributions preserved as tangible items; and profits and gains of business are excluded unless business is incidental 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.
Tax exemption notification under section 10(23C)(iv): status granted subject to application, investment, and accounting conditions.
Notification under section 10(23C)(iv) notifies Rashtrotthana Parishat, Bangalore, for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments or deposits are restricted to forms permitted by section 11(5) except certain voluntary contributions preserved as tangible items; and profits and gains of business are excluded unless business is incidental and accounted for in separate books.
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