Tax exemption under section 10(23C)(v): Arpana Trust notified subject to income application, investment limits and business exclusion. Notification recognises Arpana Trust, Haryana under section 10(23C)(v) for assessment years 1997 98 to 1999 2000, conditional on applying income wholly and exclusively to its objects, restricting investments to statutory permitted forms (excluding certain retained voluntary contributions), and excluding business income unless the business is incidental and maintained in separate books of account.
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Tax exemption under section 10(23C)(v): Arpana Trust notified subject to income application, investment limits and business exclusion.
Notification recognises Arpana Trust, Haryana under section 10(23C)(v) for assessment years 1997 98 to 1999 2000, conditional on applying income wholly and exclusively to its objects, restricting investments to statutory permitted forms (excluding certain retained voluntary contributions), and excluding business income unless the business is incidental and maintained in separate books of account.
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