Tax exemption recognition for religious institution granted, subject to exclusive income application and specified investment limits. Central Government notifies Srimajjagadguru Madhawacharya Moola Mahasamsthana Uttaradhi Mutt, Dharwad, Karnataka, for recognition under 10(23C)(v) for assessment years 1990-91 to 1992-93, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments and deposits (except certain voluntary contributions) must be limited to permitted forms; and business income is excluded unless incidental to the objectives and maintained in separate books of account.
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 recognition for religious institution granted, subject to exclusive income application and specified investment limits.
Central Government notifies Srimajjagadguru Madhawacharya Moola Mahasamsthana Uttaradhi Mutt, Dharwad, Karnataka, for recognition under 10(23C)(v) for assessment years 1990-91 to 1992-93, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments and deposits (except certain voluntary contributions) must be limited to permitted forms; and business income is excluded unless incidental to the objectives and maintained in separate books of account.
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