Charitable recognition subject to exclusive application of income and prescribed investment and business restrictions. Notification under 10(23C)(v) notifies Idara Dawatul Quran, Bombay for specified assessment years on conditions: apply income wholly and exclusively to its objects or accumulate for such application; restrict investments or deposits to forms specified in sub section 11 except voluntary contributions maintained as jewellery, furniture, etc.; and exclude business income unless incidental to objectives with separate books maintained for such business.
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.
Charitable recognition subject to exclusive application of income and prescribed investment and business restrictions.
Notification under 10(23C)(v) notifies Idara Dawatul Quran, Bombay for specified assessment years on conditions: apply income wholly and exclusively to its objects or accumulate for such application; restrict investments or deposits to forms specified in sub section 11 except voluntary contributions maintained as jewellery, furniture, etc.; and exclude business income unless incidental to objectives with separate books maintained for such business.
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