Tax exemption under section 10(23C)(v) notified for Society subject to exclusive application of income and investment limits. Notification grants section 10(23C)(v) status to the Society for specified assessment years, conditional on applying income wholly and exclusively to its objects, limiting investment or deposit of funds to forms permitted for charitable institutions (excluding certain voluntary contributions held as tangible assets), and excluding business income unless the business is incidental and accounted for 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 section 10(23C)(v) notified for Society subject to exclusive application of income and investment limits.
Notification grants section 10(23C)(v) status to the Society for specified assessment years, conditional on applying income wholly and exclusively to its objects, limiting investment or deposit of funds to forms permitted for charitable institutions (excluding certain voluntary contributions held as tangible assets), and excluding business income unless the business is incidental and accounted for in separate books.
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