Tax exemption notification under section 10(23C)(v) recognizes a religious institution subject to prescribed compliance conditions. Notification under section 10(23C)(v) recognizes Samastha Kerala Jam Iyyathul Ulama, Calicut, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; funds (except certain voluntary contributions kept as tangible items) may be invested only in forms allowed by the Act; and income from business is excluded unless incidental to institutional objectives and accounted for in separate books.
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 notification under section 10(23C)(v) recognizes a religious institution subject to prescribed compliance conditions.
Notification under section 10(23C)(v) recognizes Samastha Kerala Jam Iyyathul Ulama, Calicut, for specified assessment years subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; funds (except certain voluntary contributions kept as tangible items) may be invested only in forms allowed by the Act; and income from business is excluded unless incidental to institutional objectives and accounted for in separate books.
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