Tax exemption notification: trust must apply income exclusively, restrict investments to authorised modes, and keep separate books for incidental business. Notifies Sri Siddhi Vinayak Ganapati Temple Trust, Bombay of a tax exemption under sub-clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to the trust's objects; investments and deposits are restricted to authorised modes with an exception for voluntary contributions maintained as jewellery or furniture; business income is excluded from the exemption unless incidental to the objects and maintained in separate books of account.
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Tax exemption notification: trust must apply income exclusively, restrict investments to authorised modes, and keep separate books for incidental business.
Notifies Sri Siddhi Vinayak Ganapati Temple Trust, Bombay of a tax exemption under sub-clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to the trust's objects; investments and deposits are restricted to authorised modes with an exception for voluntary contributions maintained as jewellery or furniture; business income is excluded from the exemption unless incidental to the objects and maintained in separate books of account.
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