Tax exemption under section 10(23C)(v): charitable trust notified subject to application, investment, and business conditions. The Central Government notifies Sri Ganapati Sachchindananda Avadhoota Datta Peetha Trust (R), Mysore under section 10(23C)(v), subject to conditions requiring that the trust apply or accumulate its income exclusively for its objects, restrict investments or deposits to forms permitted by section 11(5) (with an exception for certain voluntary contributions retained as movable assets), and exclude application of the notification to business income unless the business is incidental 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): charitable trust notified subject to application, investment, and business conditions.
The Central Government notifies Sri Ganapati Sachchindananda Avadhoota Datta Peetha Trust (R), Mysore under section 10(23C)(v), subject to conditions requiring that the trust apply or accumulate its income exclusively for its objects, restrict investments or deposits to forms permitted by section 11(5) (with an exception for certain voluntary contributions retained as movable assets), and exclude application of the notification to business income unless the business is incidental and separately accounted.
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