Charitable exemption conditioned on exclusive application of income, restricted investments, and incidental business accounting requirements. Notification under 10(23C)(v) notifies Idara Dawatal Quran, Bombay as entitled to the benefit of clause (23C)(v) of section 10 for assessment years 1989-90 to 1991-92, subject to conditions requiring exclusive application of income to its objects, investment of funds only in modes specified in sub-section (5) of section 11 (excluding certain voluntary contributions held as property), and exclusion of business profits unless incidental 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.
Charitable exemption conditioned on exclusive application of income, restricted investments, and incidental business accounting requirements.
Notification under 10(23C)(v) notifies Idara Dawatal Quran, Bombay as entitled to the benefit of clause (23C)(v) of section 10 for assessment years 1989-90 to 1991-92, subject to conditions requiring exclusive application of income to its objects, investment of funds only in modes specified in sub-section (5) of section 11 (excluding certain voluntary contributions held as property), and exclusion of business profits unless incidental with separate books maintained.
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