Tax exemption notification under section ten twenty-three C v: institute notified with conditions on application and investment Notification under section 10(23C)(v) recognizes Institute of Dharmsthala, Karnataka for exemption purposes, conditional on applying or accumulating income wholly and exclusively for its objects. It restricts investments or deposits to modes specified under the Act (excluding certain voluntary contributions maintained in kind) and excludes profits and gains of business from the notification unless the business is incidental to the institute's objectives and is maintained in separate books of account.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption notification under section ten twenty-three C v: institute notified with conditions on application and investment
Notification under section 10(23C)(v) recognizes Institute of Dharmsthala, Karnataka for exemption purposes, conditional on applying or accumulating income wholly and exclusively for its objects. It restricts investments or deposits to modes specified under the Act (excluding certain voluntary contributions maintained in kind) and excludes profits and gains of business from the notification unless the business is incidental to the institute's objectives and is maintained in separate books of account.
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