Tax exemption under section 10(23C)(iv) granted, subject to exclusive application of income, permitted investments, and incidental business limits. Notification under section 10(23C)(iv) notifies Shri Nasik Panchavati Panjarapol, Nasik-3, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; investments or deposits are limited to forms permitted for charitable receipts except voluntary contributions held as jewellery or furniture; and the notification does not apply to business income unless the business is incidental and separate books are 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 under section 10(23C)(iv) granted, subject to exclusive application of income, permitted investments, and incidental business limits.
Notification under section 10(23C)(iv) notifies Shri Nasik Panchavati Panjarapol, Nasik-3, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; investments or deposits are limited to forms permitted for charitable receipts except voluntary contributions held as jewellery or furniture; and the notification does not apply to business income unless the business is incidental and separate books are maintained.
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