Notification of charitable tax exemption with conditions on exclusive income application and restricted investment modes. Notification under section 10(23C)(v) designates Sri Taralabalu Jagadguru Brihanmath Sirigeare, Karnataka, as a notified institution for assessment years 1990-91 to 1992-93 subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; funds may be invested only in forms specified in section 11(5) (excluding certain in-kind voluntary contributions); and business profits are excluded 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.
Notification of charitable tax exemption with conditions on exclusive income application and restricted investment modes.
Notification under section 10(23C)(v) designates Sri Taralabalu Jagadguru Brihanmath Sirigeare, Karnataka, as a notified institution for assessment years 1990-91 to 1992-93 subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; funds may be invested only in forms specified in section 11(5) (excluding certain in-kind voluntary contributions); and business profits are excluded unless the business is incidental and maintained in separate books.
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