Exemption under section 10(23C)(v): R.C. Diocese of Madurai notified subject to application, investment and business conditions. Notification under 10(23C)(v) notifies R.C. Diocese of Madurai as eligible for the exemption for assessment years 1988-89 to 1990-91, conditioned on applying or accumulating income wholly to its objects; restricting investments to forms prescribed by law (excluding certain voluntary contributions held as tangible assets); and excluding business profits unless the business is incidental to its objectives with separate books maintained.
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.
Exemption under section 10(23C)(v): R.C. Diocese of Madurai notified subject to application, investment and business conditions.
Notification under 10(23C)(v) notifies R.C. Diocese of Madurai as eligible for the exemption for assessment years 1988-89 to 1990-91, conditioned on applying or accumulating income wholly to its objects; restricting investments to forms prescribed by law (excluding certain voluntary contributions held as tangible assets); and excluding business profits unless the business is incidental to its objectives with separate books maintained.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
