Tax exemption under section 10(23C)(v) granted, subject to exclusive application of income and prescribed investment and business conditions. Notification under section 10(23C)(v) notifies Dohnavur Fellowship for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; funds may be invested only in forms permitted by sub-section (5) of section 11 except voluntary contributions retained as jewellery or furniture; and profits and gains of business are excluded unless the business is incidental to the objectives and maintained in separate books of account.
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, subject to exclusive application of income and prescribed investment and business conditions.
Notification under section 10(23C)(v) notifies Dohnavur Fellowship for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; funds may be invested only in forms permitted by sub-section (5) of section 11 except voluntary contributions retained as jewellery or furniture; and profits and gains of business are excluded unless the business is incidental to the objectives and maintained in separate books of account.
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