Exemption notification under section 10(23C)(iv) recognizes charitable status subject to application, investment and accounting conditions. Notification recognizes the assessee for the specified tax-exempt category for assessment years 1989-90 to 1991-92 conditional on applying income wholly and exclusively to its objects, limiting investments or deposits to permitted modes except for voluntary contributions retained as jewellery or similar items, and excluding business profits unless the business is incidental 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.
Exemption notification under section 10(23C)(iv) recognizes charitable status subject to application, investment and accounting conditions.
Notification recognizes the assessee for the specified tax-exempt category for assessment years 1989-90 to 1991-92 conditional on applying income wholly and exclusively to its objects, limiting investments or deposits to permitted modes except for voluntary contributions retained as jewellery or similar items, and excluding business profits unless the business is incidental and maintained in separate books of account.
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