Tax exemption notification under section 10(23C)(v) conditions income application, permitted investments and incidental business treatment. Notification under section 10(23C)(v) notifies Jiv Prakash Vidyapeeth for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds (except voluntary contributions in kind) must be invested only in modes permitted by the Income-tax provisions for charitable trusts; and business profits are excluded unless incidental to its objectives 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 notification under section 10(23C)(v) conditions income application, permitted investments and incidental business treatment.
Notification under section 10(23C)(v) notifies Jiv Prakash Vidyapeeth for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds (except voluntary contributions in kind) must be invested only in modes permitted by the Income-tax provisions for charitable trusts; and business profits are excluded unless incidental to its objectives and accounted for in separate books.
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