Charitable exemption under section 10(23C)(v) subject to application of income, investment limits and business income conditions. Notification under section 10(23C)(v) notifies Calcutta Zoroastrian Community's Religious and Charity Funds as qualifying for the sub-clause subject to conditions: apply income wholly and exclusively to its objects; restrict investments or deposits to the statutory permissible forms except voluntary contributions held as jewellery, furniture, etc.; and exclude business income unless incidental to objectives with separate books maintained.
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.
Charitable exemption under section 10(23C)(v) subject to application of income, investment limits and business income conditions.
Notification under section 10(23C)(v) notifies Calcutta Zoroastrian Community's Religious and Charity Funds as qualifying for the sub-clause subject to conditions: apply income wholly and exclusively to its objects; restrict investments or deposits to the statutory permissible forms except voluntary contributions held as jewellery, furniture, etc.; and exclude business income unless incidental to objectives with separate books maintained.
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