Tax exemption under section 10(23C)(v) for a charitable trust, granted subject to application, investment and business conditions. Central Government notifies Shri Venkatachalapathi Annachatram Trust, Kabistalam, Thanjavur District under section 10(23C)(v) for specified assessment years, subject to conditions: (i) income must be applied or accumulated wholly and exclusively for the trust's objects; (ii) investments and deposits (other than certain in kind voluntary contributions) must be in the forms or modes permitted for application of property for charitable purposes; and (iii) exemption excludes business profits 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) for a charitable trust, granted subject to application, investment and business conditions.
Central Government notifies Shri Venkatachalapathi Annachatram Trust, Kabistalam, Thanjavur District under section 10(23C)(v) for specified assessment years, subject to conditions: (i) income must be applied or accumulated wholly and exclusively for the trust's objects; (ii) investments and deposits (other than certain in kind voluntary contributions) must be in the forms or modes permitted for application of property for charitable purposes; and (iii) exemption excludes business profits unless incidental and maintained in separate books.
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