Tax exemption under section 10(23C)(iv) granted to MYRADA, subject to application, investment and business-incidence conditions. Notification under section 10(23C)(iv) recognises Mysore Resettlement and Development Agency (MYRADA), Bangalore, for exemption for assessment years 1991-92 to 1993-94, conditional on the assessee applying or accumulating income solely for its objects, investing or depositing funds only in permitted modes (except voluntary contributions held in kind), and excluding profits from business unless business is incidental and maintained in separate books.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) granted to MYRADA, subject to application, investment and business-incidence conditions.
Notification under section 10(23C)(iv) recognises Mysore Resettlement and Development Agency (MYRADA), Bangalore, for exemption for assessment years 1991-92 to 1993-94, conditional on the assessee applying or accumulating income solely for its objects, investing or depositing funds only in permitted modes (except voluntary contributions held in kind), and excluding profits from business unless business is incidental and maintained in separate books.
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