Tax exemption recognition for religious institution subject to exclusive application of income and prescribed investment and business accounting conditions. Notification recognises Arulmigu Mariamman Temple for tax exemption under section 10(23C)(v) for specified assessment years, subject to conditions that income be applied exclusively to the temple's objects, investments be made only in permitted forms (excluding certain held voluntary contributions), and that business income is excluded unless incidental to 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 recognition for religious institution subject to exclusive application of income and prescribed investment and business accounting conditions.
Notification recognises Arulmigu Mariamman Temple for tax exemption under section 10(23C)(v) for specified assessment years, subject to conditions that income be applied exclusively to the temple's objects, investments be made only in permitted forms (excluding certain held voluntary contributions), and that business income is excluded unless incidental to objectives and accounted for in separate books.
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