Tax exemption under section 10(23C)(v) conditioned on exclusive application of income and prescribed investment modes. Notification grants tax-exempt status to Shree Durgiana Committee for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; funds other than specified voluntary contributions must be invested only in prescribed forms or modes; and any business income is excluded unless the business is incidental to the objects and separately accounted for.
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) conditioned on exclusive application of income and prescribed investment modes.
Notification grants tax-exempt status to Shree Durgiana Committee for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; funds other than specified voluntary contributions must be invested only in prescribed forms or modes; and any business income is excluded unless the business is incidental to the objects and separately accounted for.
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