Tax exemption for a notified charitable institution subject to exclusive application of income and investment restrictions. Notification registers the Catholic Bishops' Conference of India as a notified institution under section 10(23C)(v) for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits (except certain voluntary contributions) to modes permitted by section 11(5); and excluding business income from the notification unless the business is incidental to the objectives and separate books of account are 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 for a notified charitable institution subject to exclusive application of income and investment restrictions.
Notification registers the Catholic Bishops' Conference of India as a notified institution under section 10(23C)(v) for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits (except certain voluntary contributions) to modes permitted by section 11(5); and excluding business income from the notification unless the business is incidental to the objectives and separate books of account are maintained.
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