Tax exemption under section 10(23C)(v) requires restricted investments and exclusive application of income for specified assessment years. Notification under section 10(23C)(v) notifies Bochasanwasi Shri Akshar Purushottam Sanstha, Ahmedabad for specified assessment years, subject to conditions that income be applied or accumulated wholly and exclusively to its objects; investments or deposits (except certain retained voluntary contributions) be only in forms specified by section 11(5); and that profits and gains of business are excluded unless the business is 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) requires restricted investments and exclusive application of income for specified assessment years.
Notification under section 10(23C)(v) notifies Bochasanwasi Shri Akshar Purushottam Sanstha, Ahmedabad for specified assessment years, subject to conditions that income be applied or accumulated wholly and exclusively to its objects; investments or deposits (except certain retained voluntary contributions) be only in forms specified by section 11(5); and that profits and gains of business are excluded unless the business is incidental and maintained in separate books.
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