Charitable recognition: institution accepted subject to exclusive application of income and restricted investment and business accounting. Recognition of Sri Vanamamalai Mutt is notified under the income tax provision for charitable institutions for specified assessment years, conditional on application or accumulation of income wholly and exclusively to its objects; prohibition on investments or deposits except in permitted forms and voluntary contributions retained as jewellery or furniture; and exclusion of business income unless incidental to objects 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.
Charitable recognition: institution accepted subject to exclusive application of income and restricted investment and business accounting.
Recognition of Sri Vanamamalai Mutt is notified under the income tax provision for charitable institutions for specified assessment years, conditional on application or accumulation of income wholly and exclusively to its objects; prohibition on investments or deposits except in permitted forms and voluntary contributions retained as jewellery or furniture; and exclusion of business income unless incidental to objects with separate books maintained.
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