Tax exemption under section 10(23C)(v) notifies charitable status subject to application, investment, and business accounting conditions. Notification under section 10(23C)(v) designates Sri Manmaharaja Niranjana Jagadguru Sri Mallikarjuna Murugharajendra Mahaswaminam Sri Bruhanmatha for the purpose of that sub-clause for assessment years 1989-90 to 1991-92, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments and deposits are restricted to permitted modes except voluntary contributions held as jewellery or furniture; and business income is excluded unless incidental 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)(v) notifies charitable status subject to application, investment, and business accounting conditions.
Notification under section 10(23C)(v) designates Sri Manmaharaja Niranjana Jagadguru Sri Mallikarjuna Murugharajendra Mahaswaminam Sri Bruhanmatha for the purpose of that sub-clause for assessment years 1989-90 to 1991-92, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments and deposits are restricted to permitted modes except voluntary contributions held as jewellery or furniture; and business income is excluded unless incidental and maintained in separate books.
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