Tax exemption notification grants qualified charitable status subject to application, investment and incidental business conditions. Notification under sub-clause (v) of clause (23C) of section 10 notifies Swargashram Trust, Rishikesh, for assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly and exclusively to the trust's objects; investments of funds during the relevant previous years are limited to modes specified in section 11(5) except voluntary contributions held as jewellery, furniture, etc.; and business income is excluded 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.
Tax exemption notification grants qualified charitable status subject to application, investment and incidental business conditions.
Notification under sub-clause (v) of clause (23C) of section 10 notifies Swargashram Trust, Rishikesh, for assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly and exclusively to the trust's objects; investments of funds during the relevant previous years are limited to modes specified in section 11(5) except voluntary contributions held as jewellery, furniture, etc.; and business income is excluded unless incidental to objectives with separate books maintained.
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