Tax exemption under section 10(23C)(v): recognition granted subject to exclusive charitable application, permitted investments and business conditions. Notification under section 10(23C)(v) grants tax-exempt status to Srimadujjyini Saddharma Simhasana Sri Taralabalu Jagadguru Brihanmath for the assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments other than specified voluntary contributions must be in forms permitted by section 11(5); and business income is excluded unless incidental to objectives and maintained 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 under section 10(23C)(v): recognition granted subject to exclusive charitable application, permitted investments and business conditions.
Notification under section 10(23C)(v) grants tax-exempt status to Srimadujjyini Saddharma Simhasana Sri Taralabalu Jagadguru Brihanmath for the assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments other than specified voluntary contributions must be in forms permitted by section 11(5); and business income is excluded unless incidental to objectives and maintained in separate books.
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