Tax exemption under section 10(23C)(v) granted subject to exclusive application of income, permitted investments, and separate business accounting. Notification confers tax exemption under Section 10(23C)(v) on the named trust for assessment years 1996-97 to 1998-99, conditional on applying or accumulating income exclusively to its objects, restricting investments to forms permitted by section 11(5) (with an exception for voluntary contributions retained as jewellery or furniture), and excluding business income unless incidental to objectives and maintained in separate books.
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, permitted investments, and separate business accounting.
Notification confers tax exemption under Section 10(23C)(v) on the named trust for assessment years 1996-97 to 1998-99, conditional on applying or accumulating income exclusively to its objects, restricting investments to forms permitted by section 11(5) (with an exception for voluntary contributions retained as jewellery or furniture), and excluding business income unless incidental to objectives and maintained in separate books.
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