Tax exemption notification under section 10(23C)(v) grants Basava Samithi Bangalore conditional income-tax recognition for specified assessment years subject to compliance. Notification recognises Basava Samithi, Bangalore under clause (v) of clause (23C) of section 10 subject to conditions: income must be applied or accumulated solely for the assessee's objects; funds (except voluntary contributions in kind) must be invested only in specified modes; and business income is excluded unless incidental to objectives and accounted for separately.
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)(v) grants Basava Samithi Bangalore conditional income-tax recognition for specified assessment years subject to compliance.
Notification recognises Basava Samithi, Bangalore under clause (v) of clause (23C) of section 10 subject to conditions: income must be applied or accumulated solely for the assessee's objects; funds (except voluntary contributions in kind) must be invested only in specified modes; and business income is excluded unless incidental to objectives and accounted for separately.
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