Notification under section 10(23C)(v): temple income recognised subject to exclusive application, permitted investments, and business accounting conditions. Notification under section 10(23C)(v) recognizes Arulmigu Kallalagar Thirukkoil for the provision on condition that its income is applied or accumulated wholly and exclusively to its objects; its funds (apart from specified voluntary contributions retained in kind) are invested only in modes permitted for charitable application of income; and the notification does not cover business profits unless the business is incidental to the objects 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.
Notification under section 10(23C)(v): temple income recognised subject to exclusive application, permitted investments, and business accounting conditions.
Notification under section 10(23C)(v) recognizes Arulmigu Kallalagar Thirukkoil for the provision on condition that its income is applied or accumulated wholly and exclusively to its objects; its funds (apart from specified voluntary contributions retained in kind) are invested only in modes permitted for charitable application of income; and the notification does not cover business profits unless the business is incidental to the objects and maintained in separate books.
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