Tax exemption recognition for charitable institution granted, subject to income use, permitted investments, and incidental business accounting. Notification recognizes the Catholic Mission of Western Bengal, Calcutta under section 10(23C)(iv) for assessment years 1990-91 to 1992-93, conditional on applying or accumulating income wholly and exclusively for its objects; restricting investments and deposits to forms permitted for charitable trusts except for voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books maintained.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption recognition for charitable institution granted, subject to income use, permitted investments, and incidental business accounting.
Notification recognizes the Catholic Mission of Western Bengal, Calcutta under section 10(23C)(iv) for assessment years 1990-91 to 1992-93, conditional on applying or accumulating income wholly and exclusively for its objects; restricting investments and deposits to forms permitted for charitable trusts except for voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books maintained.
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