Tax exemption under section 10(23C)(v) notified for an association, subject to application, investment and business-incidence conditions. Notification under section 10(23C)(v) notifies Sri Sri Thakur Ramachandradev Association for assessment years 1990-91 to 1992-93, subject to conditions: the association must apply or accumulate income wholly and exclusively for its objects; must not invest or deposit funds except in forms/modes permitted for trusts (voluntary contributions may be retained as specified movables); and the notification does not cover business income unless incidental to the objectives and accounted for in separate books.
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 for an association, subject to application, investment and business-incidence conditions.
Notification under section 10(23C)(v) notifies Sri Sri Thakur Ramachandradev Association for assessment years 1990-91 to 1992-93, subject to conditions: the association must apply or accumulate income wholly and exclusively for its objects; must not invest or deposit funds except in forms/modes permitted for trusts (voluntary contributions may be retained as specified movables); and the notification does not cover business income unless incidental to the objectives and accounted for in separate books.
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