Tax exemption notification: exempt status for temple subject to exclusive application of income, restricted investments, and segregated business accounts. Notification under sub clause (v) of clause (23C) of section 10 notifies Nathdwara Temple for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to the temple's objects; investments and deposits are restricted except for voluntary contributions maintained in permitted forms; and business income is excluded unless incidental to objects with separate books of account.
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: exempt status for temple subject to exclusive application of income, restricted investments, and segregated business accounts.
Notification under sub clause (v) of clause (23C) of section 10 notifies Nathdwara Temple for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to the temple's objects; investments and deposits are restricted except for voluntary contributions maintained in permitted forms; and business income is excluded unless incidental to objects with separate books of account.
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