Tax exemption under section 10(23C)(v): notified charitable status subject to income application, investment limits and separate books. Notification grants tax exemption under section 10(23C)(v) to Sadar Anjuman Ahmadiyya for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to modes specified in section 11(5) with an exception for voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books of account 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)(v): notified charitable status subject to income application, investment limits and separate books.
Notification grants tax exemption under section 10(23C)(v) to Sadar Anjuman Ahmadiyya for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to modes specified in section 11(5) with an exception for voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books of account maintained.
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