Tax exemption under 10(23C)(v) conditioned on exclusive application of income, permitted investments, and separate books for incidental business. Notification grants tax-exempt status under 10(23C)(v) to Govind Bhawan Karyalaya, Calcutta for specified assessment years, conditional on applying or accumulating income wholly and exclusively for its objects, restricting investments to forms permitted for charitable trusts except voluntary contributions retained as jewellery or furniture, and excluding business profits unless the business is incidental 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 10(23C)(v) conditioned on exclusive application of income, permitted investments, and separate books for incidental business.
Notification grants tax-exempt status under 10(23C)(v) to Govind Bhawan Karyalaya, Calcutta for specified assessment years, conditional on applying or accumulating income wholly and exclusively for its objects, restricting investments to forms permitted for charitable trusts except voluntary contributions retained as jewellery or furniture, and excluding business profits unless the business is incidental and maintained in separate books.
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