Tax exemption under section 10(23C)(iv) notified for a charitable mission, subject to exclusive application, permitted investments, and business restrictions. Notification under 10(23C)(iv) notifies Shree Gadge Maharaj Mission, Bombay for assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds (except certain voluntary contributions retained as tangible items) must be invested only in modes specified in section 11(5); and business profits are excluded unless incidental to objectives and maintained 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)(iv) notified for a charitable mission, subject to exclusive application, permitted investments, and business restrictions.
Notification under 10(23C)(iv) notifies Shree Gadge Maharaj Mission, Bombay for assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds (except certain voluntary contributions retained as tangible items) must be invested only in modes specified in section 11(5); and business profits are excluded unless incidental to objectives and maintained in separate books.
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