Tax exemption notification under section 10(23C)(v) recognises a trust subject to income application and investment limits. Notifies Sri Raja Rajeshwari Devasthanam Trust, Bangalore under sub clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions that the assessee apply its income wholly and exclusively to its objects or accumulate it for that purpose; that funds (other than certain voluntary contributions retained as tangible items) be invested only in permitted forms; and that the notification excludes business profits unless the business is incidental 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) recognises a trust subject to income application and investment limits.
Notifies Sri Raja Rajeshwari Devasthanam Trust, Bangalore under sub clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions that the assessee apply its income wholly and exclusively to its objects or accumulate it for that purpose; that funds (other than certain voluntary contributions retained as tangible items) be invested only in permitted forms; and that the notification excludes business profits unless the business is incidental and accounted for separately.
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