Tax exemption recognition for a religious institution subject to exclusive income application and restricted investment conditions. Notification recognizes The Malankara Orthodox Syrian Church, Kottayam, under sub-clause (v) of clause (23C) of section 10 for specified assessment years conditional on: applying or accumulating income wholly and exclusively to its objects; investing or depositing funds only in modes specified in sub-section (5) of section 11 except voluntary contributions maintained as tangible items; and excluding business income unless incidental to objectives with separate books of account.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption recognition for a religious institution subject to exclusive income application and restricted investment conditions.
Notification recognizes The Malankara Orthodox Syrian Church, Kottayam, under sub-clause (v) of clause (23C) of section 10 for specified assessment years conditional on: applying or accumulating income wholly and exclusively to its objects; investing or depositing funds only in modes specified in sub-section (5) of section 11 except voluntary contributions maintained as tangible items; and excluding business income unless incidental to objectives with separate books of account.
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