Tax exemption under section 10(23C)(v) granted with conditions on application, investments, and business-income treatment for notified institution. Notification designates Asthika Samaj, Bombay as a notified charitable institution for specified assessment years, conditioned on exclusive application or accumulation of income for its objects, restricted modes of investment or deposit consistent with statutory forms for charitable funds, and exclusion of business profits from exemption unless the business is incidental and maintained in separate books.
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 under section 10(23C)(v) granted with conditions on application, investments, and business-income treatment for notified institution.
Notification designates Asthika Samaj, Bombay as a notified charitable institution for specified assessment years, conditioned on exclusive application or accumulation of income for its objects, restricted modes of investment or deposit consistent with statutory forms for charitable funds, and exclusion of business profits from exemption unless the business is incidental and maintained in separate books.
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