Tax exemption under section 10(23C)(iv): recognition of a religious institution subject to exclusive application of income and permitted investments. Notification under section 10(23C)(iv) recognizes Sree Siddaganga Muth, Tumkur for the stated assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted modes (with voluntary contributions allowable in forms like jewellery or furniture), and excluding business income unless incidental to objectives with separate books 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.
Tax exemption under section 10(23C)(iv): recognition of a religious institution subject to exclusive application of income and permitted investments.
Notification under section 10(23C)(iv) recognizes Sree Siddaganga Muth, Tumkur for the stated assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted modes (with voluntary contributions allowable in forms like jewellery or furniture), and excluding business income unless incidental to objectives with separate books maintained for such business.
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