Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and permitted investment rules. Notification under section 10(23C)(iv) notifies Shri Ahobila Math Sanskrita Vidya Abhi Vardhini Sabha, Chennai, as eligible for the sub clause for assessment years 1995 96 to 1997 98, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms specified in section 11(5) (except certain voluntary contributions retained as jewellery, furniture, etc.), and excluding 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.
Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and permitted investment rules.
Notification under section 10(23C)(iv) notifies Shri Ahobila Math Sanskrita Vidya Abhi Vardhini Sabha, Chennai, as eligible for the sub clause for assessment years 1995 96 to 1997 98, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms specified in section 11(5) (except certain voluntary contributions retained as jewellery, furniture, etc.), and excluding business income unless incidental to 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 
