Tax exemption under section 10(23C)(iv) granted subject to application of income, investment limits and business carve-out applies. Notification under 10(23C)(iv) designates Shri Param Hans Advait Math Publication Society as covered by that sub-clause for the specified assessment years, subject to conditions that income be applied or accumulated wholly and exclusively for the society's objects; that funds not be invested or deposited except in forms permitted under section 11(5) (except voluntary contributions held as jewellery, furniture, etc.); and that business profits are excluded unless the business is incidental and maintained 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)(iv) granted subject to application of income, investment limits and business carve-out applies.
Notification under 10(23C)(iv) designates Shri Param Hans Advait Math Publication Society as covered by that sub-clause for the specified assessment years, subject to conditions that income be applied or accumulated wholly and exclusively for the society's objects; that funds not be invested or deposited except in forms permitted under section 11(5) (except voluntary contributions held as jewellery, furniture, etc.); and that business profits are excluded unless the business is incidental and maintained in separate books.
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