Tax exemption recognition for religious institution subject to exclusive income application and specified investment and business conditions. Recognition under section 10(23C)(v) is granted to Arulmigu Subramania Swamy Thirukkoil for assessment years 1990-91 to 1992-93, subject to conditions that income be applied or accumulated exclusively for the institution's objects, investments and deposits (other than certain voluntary contributions) be limited to forms specified in section 11(5), and business income be excluded unless incidental and maintained in separate books.
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Tax exemption recognition for religious institution subject to exclusive income application and specified investment and business conditions.
Recognition under section 10(23C)(v) is granted to Arulmigu Subramania Swamy Thirukkoil for assessment years 1990-91 to 1992-93, subject to conditions that income be applied or accumulated exclusively for the institution's objects, investments and deposits (other than certain voluntary contributions) be limited to forms specified in section 11(5), and business income be excluded unless incidental and maintained in separate books.
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