Tax exemption for charitable trust granted subject to exclusive application of income, permitted investments, and business accounting conditions. Notification designates Shri Sachiyaymataji Trust as recognised under section 10(23C)(v) for assessment years 1989-90 to 1991-92, conditional on applying or accumulating income wholly and exclusively to its objects, investing or depositing funds only in legally permitted modes (excluding certain voluntary contributions held in kind), and excluding business profits unless the business is incidental and kept 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 for charitable trust granted subject to exclusive application of income, permitted investments, and business accounting conditions.
Notification designates Shri Sachiyaymataji Trust as recognised under section 10(23C)(v) for assessment years 1989-90 to 1991-92, conditional on applying or accumulating income wholly and exclusively to its objects, investing or depositing funds only in legally permitted modes (excluding certain voluntary contributions held in kind), and excluding business profits unless the business is incidental and kept in separate books of account.
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