Tax exemption under section 10(23C)(v) granted subject to application-of-income, investment limits, and separate accounting for incidental business. The Central Government notifies Nathdwara Temple Board under section 10(23C)(v) for specified assessment years, subject to conditions that the assessee apply or accumulate income wholly and exclusively to its objects; restrict investments or deposits to the forms or modes permitted for charitable trusts (excluding certain voluntary contributions retained as jewellery, furniture, etc.); and exclude business profits unless the business is incidental to its objects and separate books of account are 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 subject to application-of-income, investment limits, and separate accounting for incidental business.
The Central Government notifies Nathdwara Temple Board under section 10(23C)(v) for specified assessment years, subject to conditions that the assessee apply or accumulate income wholly and exclusively to its objects; restrict investments or deposits to the forms or modes permitted for charitable trusts (excluding certain voluntary contributions retained as jewellery, furniture, etc.); and exclude business profits unless the business is incidental to its objects and separate books of account are maintained.
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