Tax exemption notification under section 10(23C)(iv) subjects institutions to income application and permitted investment conditions. Notification under section 10(23C)(iv) designates Swaminarayan Aksharpith, Ahmedabad as a notified institution subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to permitted forms; voluntary contributions may be retained as jewellery or furniture; and business income is excluded unless incidental to objects and recorded in separate books.
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 under section 10(23C)(iv) subjects institutions to income application and permitted investment conditions.
Notification under section 10(23C)(iv) designates Swaminarayan Aksharpith, Ahmedabad as a notified institution subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to permitted forms; voluntary contributions may be retained as jewellery or furniture; and business income is excluded unless incidental to objects and recorded in separate books.
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