Tax exemption under section 10(23C)(v) granted to Kurukshetra Development Board subject to application, investment and business conditions. Notification under section 10(23C)(v) designates Kurukshetra Development Board, Haryana, for assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated solely for its objects; funds must not be invested or deposited except in modes permitted by section 11(5) (excluding voluntary contributions maintained as specified articles); and the notification excludes business profits unless the business is incidental 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) granted to Kurukshetra Development Board subject to application, investment and business conditions.
Notification under section 10(23C)(v) designates Kurukshetra Development Board, Haryana, for assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated solely for its objects; funds must not be invested or deposited except in modes permitted by section 11(5) (excluding voluntary contributions maintained as specified articles); and the notification excludes business profits unless the business is incidental and separately accounted for.
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