Tax exemption notification: Jesuit Madurai Province granted tax-exempt status subject to exclusive income application and investment limits. Notification under section 10(23C)(v) notifies The Jesuit Madurai Province, Dindigul, as eligible for tax-exempt status for the assessment years 1991-92 to 1993-94 subject to conditions: income must be applied wholly and exclusively to establishment objects; investments must be limited to forms permitted by section 11(5) (except specified voluntary contributions); and profits and gains of business are excluded unless incidental to objectives and accounted for in separate books.
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Tax exemption notification: Jesuit Madurai Province granted tax-exempt status subject to exclusive income application and investment limits.
Notification under section 10(23C)(v) notifies The Jesuit Madurai Province, Dindigul, as eligible for tax-exempt status for the assessment years 1991-92 to 1993-94 subject to conditions: income must be applied wholly and exclusively to establishment objects; investments must be limited to forms permitted by section 11(5) (except specified voluntary contributions); and profits and gains of business are excluded unless incidental to objectives and accounted for in separate books.
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