Section 10(23C)(v) exemption granted to Kerala Jesuit Society subject to income application and investment and business conditions. Notification under section 10(23C)(v) notifies Kerala Jesuit Society for assessment years 1990-91 to 1992-93 subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments or deposits to permitted forms (other than voluntary contributions retained in jewellery, furniture, etc.); and exclude business profits unless incidental to objectives with 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.
Section 10(23C)(v) exemption granted to Kerala Jesuit Society subject to income application and investment and business conditions.
Notification under section 10(23C)(v) notifies Kerala Jesuit Society for assessment years 1990-91 to 1992-93 subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments or deposits to permitted forms (other than voluntary contributions retained in jewellery, furniture, etc.); and exclude business profits unless incidental to objectives with separate books of account.
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