Tax exemption notification: trust recognised subject to exclusive application of income and permitted investment restrictions. Notification under 10(23C)(v) recognises Sri Gangadhareswar Trust as qualifying for tax exemption for specified assessment years provided the trust applies or accumulates income exclusively for its objects, confines investments to permitted modes (with limited exception for voluntary contributions in forms like jewellery or furniture), and excludes business profits unless the business is incidental and accounted for separately.
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: trust recognised subject to exclusive application of income and permitted investment restrictions.
Notification under 10(23C)(v) recognises Sri Gangadhareswar Trust as qualifying for tax exemption for specified assessment years provided the trust applies or accumulates income exclusively for its objects, confines investments to permitted modes (with limited exception for voluntary contributions in forms like jewellery or furniture), and excludes business profits unless the business is incidental and accounted for separately.
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