Charitable exemption under section 10(23C)(v) conditioned on exclusive application of income and prescribed investment modes. Notification under section 10(23C)(v) recognises Diocese Chandigarh for specified assessment years provided it applies or accumulates income wholly and exclusively to its objects, limits investments or deposits to modes specified in subsection (5) of section 11 (excluding voluntary contributions retained as jewellery or furniture), and excludes business income unless incidental to objectives with separate books maintained.
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 exemption under section 10(23C)(v) conditioned on exclusive application of income and prescribed investment modes.
Notification under section 10(23C)(v) recognises Diocese Chandigarh for specified assessment years provided it applies or accumulates income wholly and exclusively to its objects, limits investments or deposits to modes specified in subsection (5) of section 11 (excluding voluntary contributions retained as jewellery or furniture), and excludes business income unless incidental to objectives with separate books maintained.
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