Exemption recognition under section 10(23C)(iv) granted, subject to application, permitted investments, and business income limits. Central Government notifies Ramakrishna Math, Belure Math, West Bengal under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; funds may only be invested or deposited in the forms or modes permitted for charitable income except voluntary contributions maintained in kind; the notification does not cover business profits unless the business is incidental to the institution's objectives and separate books are maintained for such business.
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.
Exemption recognition under section 10(23C)(iv) granted, subject to application, permitted investments, and business income limits.
Central Government notifies Ramakrishna Math, Belure Math, West Bengal under section 10(23C)(iv) for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; funds may only be invested or deposited in the forms or modes permitted for charitable income except voluntary contributions maintained in kind; the notification does not cover business profits unless the business is incidental to the institution's objectives and separate books are maintained for such business.
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