Tax recognition for charitable institution: exemption granted subject to exclusive application of income and specified investment and accounting conditions. Recognition under 10(23C)(v) is granted to The Malankara Syrian Knanaya Church, Kottayam subject to conditions: income must be applied or accumulated solely for institutional objects; investments of funds are limited to legally specified modes except voluntary contributions maintained as tangible items; and the notification does not cover business profits unless the business is incidental to objectives and is 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 recognition for charitable institution: exemption granted subject to exclusive application of income and specified investment and accounting conditions.
Recognition under 10(23C)(v) is granted to The Malankara Syrian Knanaya Church, Kottayam subject to conditions: income must be applied or accumulated solely for institutional objects; investments of funds are limited to legally specified modes except voluntary contributions maintained as tangible items; and the notification does not cover business profits unless the business is incidental to objectives and is maintained in separate books.
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