Tax exemption recognition under section 10(23C)(v) granted to trust subject to application, investment, business and filing conditions. Notification grants tax-exemption recognition to the Shri Arasuri Ambaji Mataji Devasthan Trust, Ambaji for specified assessment years subject to conditions: income must be applied or accumulated exclusively for the trust's objects; investments or deposits are restricted to forms permitted by the Income-tax Act (excluding voluntary contributions held as jewellery, furniture, etc.); business income is excluded unless incidental and separately accounted; and the trust must file income-tax returns regularly.
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 recognition under section 10(23C)(v) granted to trust subject to application, investment, business and filing conditions.
Notification grants tax-exemption recognition to the Shri Arasuri Ambaji Mataji Devasthan Trust, Ambaji for specified assessment years subject to conditions: income must be applied or accumulated exclusively for the trust's objects; investments or deposits are restricted to forms permitted by the Income-tax Act (excluding voluntary contributions held as jewellery, furniture, etc.); business income is excluded unless incidental and separately accounted; and the trust must file income-tax returns regularly.
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