Tax exemption under section 10(23C)(v) granted with conditions on income application, investment modes, and incidental business accounting. Notification under section 10(23C)(v) designates The Church of South India Trust Association, Chennai as eligible for exemption for assessment years 1999-2000 to 2000-2001, conditional on applying income wholly and exclusively to its objects, limiting investments and deposits (except certain voluntary contributions retained as jewellery or furniture) to forms specified in subsection (5) of section 11, and excluding profits and gains of business unless such business is incidental to its 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.
Tax exemption under section 10(23C)(v) granted with conditions on income application, investment modes, and incidental business accounting.
Notification under section 10(23C)(v) designates The Church of South India Trust Association, Chennai as eligible for exemption for assessment years 1999-2000 to 2000-2001, conditional on applying income wholly and exclusively to its objects, limiting investments and deposits (except certain voluntary contributions retained as jewellery or furniture) to forms specified in subsection (5) of section 11, and excluding profits and gains of business unless such business is incidental to its objectives with separate books maintained.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
