Tax exemption recognition under section 10(23C)(v) subject to exclusive application of income and prescribed investment conditions. Notification designates Dakshineswar Ramakrishna Sangha for exemption under clause (v) of clause (23C) of section 10 for assessment years 1992-93 to 1994-95, conditional on applying income wholly and exclusively to its objects; restricting investments and deposits to the forms specified for charitable trusts except for voluntary contributions kept in tangible forms; and excluding business profits unless the business is incidental and maintained in separate books of account.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption recognition under section 10(23C)(v) subject to exclusive application of income and prescribed investment conditions.
Notification designates Dakshineswar Ramakrishna Sangha for exemption under clause (v) of clause (23C) of section 10 for assessment years 1992-93 to 1994-95, conditional on applying income wholly and exclusively to its objects; restricting investments and deposits to the forms specified for charitable trusts except for voluntary contributions kept in tangible forms; and excluding business profits unless the business is incidental and maintained in separate books of account.
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