Notification under section 10(23C)(v): charitable institution notified for specified assessment years, subject to application and investment conditions. The Central Government notifies Sri Ramanasramam as a charitable institution under sub-clause (v) of clause (23C) of section 10 for specified assessment years, conditional on applying income wholly to its objects or accumulating it for that purpose, restricting investments to modes specified in section 11(5) (excluding certain voluntary contributions held as jewellery or furniture), and excluding business income from exemption unless the business is incidental and maintained in separate books.
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Provisions expressly mentioned in the judgment/order text.
Notification under section 10(23C)(v): charitable institution notified for specified assessment years, subject to application and investment conditions.
The Central Government notifies Sri Ramanasramam as a charitable institution under sub-clause (v) of clause (23C) of section 10 for specified assessment years, conditional on applying income wholly to its objects or accumulating it for that purpose, restricting investments to modes specified in section 11(5) (excluding certain voluntary contributions held as jewellery or furniture), and excluding business income from exemption unless the business is incidental and maintained in separate books.
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