Tax exemption under section 10(23C)(v) granted to religious institution subject to application, investment and business conditions. Notification under sub-clause (v) of clause (23C) of section 10 notifies Jagadguru Sri Sankaracharya Swamigal Srimatam Samsthanam, Kancheepuram, as eligible for the specified assessment years subject to conditions: its income must be applied or accumulated solely for its objects; investments or deposits of funds are restricted to the statutory forms or modes (excluding certain voluntary contributions held as jewellery, furniture, etc.); and profits and gains of business are excluded unless incidental to its objectives with separate books of account maintained for such business.
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 religious institution subject to application, investment and business conditions.
Notification under sub-clause (v) of clause (23C) of section 10 notifies Jagadguru Sri Sankaracharya Swamigal Srimatam Samsthanam, Kancheepuram, as eligible for the specified assessment years subject to conditions: its income must be applied or accumulated solely for its objects; investments or deposits of funds are restricted to the statutory forms or modes (excluding certain voluntary contributions held as jewellery, furniture, etc.); and profits and gains of business are excluded unless incidental to its objectives with separate books of account maintained for such business.
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