Tax exemption under section 10(23C)(v) granted to Sri Aurobindo Society subject to conditions on income application. Notification under section 10(23C)(v) notifies Sri Aurobindo Society, Calcutta, for assessment years 1992-93 to 1994-95 subject to conditions: the society must apply or accumulate income wholly and exclusively for its objects; funds (except certain voluntary contributions held as physical items) must be invested only in modes specified in section 11(5); and profits and gains of business are excluded unless incidental to objectives with separate books maintained.
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 Sri Aurobindo Society subject to conditions on income application.
Notification under section 10(23C)(v) notifies Sri Aurobindo Society, Calcutta, for assessment years 1992-93 to 1994-95 subject to conditions: the society must apply or accumulate income wholly and exclusively for its objects; funds (except certain voluntary contributions held as physical items) must be invested only in modes specified in section 11(5); and profits and gains of business are excluded unless incidental to objectives with separate books maintained.
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