Tax exemption notification for institution restricts investments and requires exclusive application of income and business separation. Notification grants Srikrishna Janmasthan Seva Sansthan tax-exempt status under clause (23C)(v) for specified assessment years subject to conditions: apply income wholly and exclusively to institutional objects; invest or deposit funds only in modes specified in section 11(5) except certain voluntary contributions held as movables; and exclude business profits from exemption unless business is incidental and separately accounted for.
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 for institution restricts investments and requires exclusive application of income and business separation.
Notification grants Srikrishna Janmasthan Seva Sansthan tax-exempt status under clause (23C)(v) for specified assessment years subject to conditions: apply income wholly and exclusively to institutional objects; invest or deposit funds only in modes specified in section 11(5) except certain voluntary contributions held as movables; and exclude business profits from exemption unless business is incidental and separately accounted for.
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