Tax exemption under section 10(23C)(v) - institution notified for conditional exemption subject to application and investment limits. Notification under section 10(23C)(v) grants the institution conditional income-tax exemption for specified assessment years, requiring that its income be applied or accumulated solely for its objects, that investments be limited to forms permitted by law (excluding tangible voluntary contributions), and that any business income be incidental and maintained in separate books of account.
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) - institution notified for conditional exemption subject to application and investment limits.
Notification under section 10(23C)(v) grants the institution conditional income-tax exemption for specified assessment years, requiring that its income be applied or accumulated solely for its objects, that investments be limited to forms permitted by law (excluding tangible voluntary contributions), and that any business income be incidental and maintained in separate books of account.
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