Tax exemption under section 10(23C)(v) granted to a trust, conditional on income use, investment and business accounting. Notification under section 10(23C)(v) grants the Indian Gypsy Works Fellowship Trust, Tamil Nadu, exemption for assessment year 1992-93 subject to conditions: the trust must apply or accumulate income exclusively for its objects; invest or deposit funds only in permitted modes except for certain tangible voluntary contributions; and the exemption excludes business income unless incidental to objectives and separately accounted.
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) granted to a trust, conditional on income use, investment and business accounting.
Notification under section 10(23C)(v) grants the Indian Gypsy Works Fellowship Trust, Tamil Nadu, exemption for assessment year 1992-93 subject to conditions: the trust must apply or accumulate income exclusively for its objects; invest or deposit funds only in permitted modes except for certain tangible voluntary contributions; and the exemption excludes business income unless incidental to objectives and separately accounted.
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