Tax exemption under section 10(23C)(v) granted subject to exclusive application, investment limits, and business accounting conditions for specified years. Notification recognizes Ratnagiri Zilla Bridge Association for the tax-exempt category under clause (23C)(v) for specified assessment years, subject to conditions: apply or accumulate income exclusively for its objects per section 11 rules; invest or deposit funds only in statutory permitted forms (excluding certain retained articles); refrain from distributing income to members except as grants to affiliated institutions; and exclude business profits from exemption unless incidental to objectives with separate books maintained.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(v) granted subject to exclusive application, investment limits, and business accounting conditions for specified years.
Notification recognizes Ratnagiri Zilla Bridge Association for the tax-exempt category under clause (23C)(v) for specified assessment years, subject to conditions: apply or accumulate income exclusively for its objects per section 11 rules; invest or deposit funds only in statutory permitted forms (excluding certain retained articles); refrain from distributing income to members except as grants to affiliated institutions; and exclude business profits from exemption unless incidental to objectives with separate books maintained.
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