Tax exemption under section 10(23C)(v) granted subject to exclusive application of income and specified investment conditions. Notification designates Shree Kashi Math Samsthan, Bombay as qualifying for the tax-exemption sub-clause for the stated assessment years, conditional on: (1) applying or accumulating income wholly and exclusively to its objects; (2) restricting investments to permitted forms with an exception for voluntary contributions held as jewellery or furniture; and (3) excluding business income unless incidental and recorded in separate books.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(v) granted subject to exclusive application of income and specified investment conditions.
Notification designates Shree Kashi Math Samsthan, Bombay as qualifying for the tax-exemption sub-clause for the stated assessment years, conditional on: (1) applying or accumulating income wholly and exclusively to its objects; (2) restricting investments to permitted forms with an exception for voluntary contributions held as jewellery or furniture; and (3) excluding business income unless incidental and recorded in separate books.
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