Tax exemption notification for religious institution subject to income application, permitted investments, and business income conditions. Notifies a religious institution as eligible for exemption under the specified clause subject to conditions: apply or accumulate income exclusively for institutional objects; restrict investments or deposits to forms specified by law except voluntary contributions retained as movable items; and exclude business income unless incidental to 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.
Tax exemption notification for religious institution subject to income application, permitted investments, and business income conditions.
Notifies a religious institution as eligible for exemption under the specified clause subject to conditions: apply or accumulate income exclusively for institutional objects; restrict investments or deposits to forms specified by law except voluntary contributions retained as movable items; and exclude business income unless incidental to objectives with separate books maintained.
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