Tax exemption recognition under section 10(23C)(v) granted, subject to exclusive application of income and prescribed investment restrictions. Notification recognizes Church of North India Trust Association under Section 10(23C)(v) subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds may be invested only in modes specified by the Act except voluntary contributions retained as tangible items; and the notification excludes business income unless the business is incidental to objectives 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 recognition under section 10(23C)(v) granted, subject to exclusive application of income and prescribed investment restrictions.
Notification recognizes Church of North India Trust Association under Section 10(23C)(v) subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds may be invested only in modes specified by the Act except voluntary contributions retained as tangible items; and the notification excludes business income unless the business is incidental to objectives and maintained in separate books.
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