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of <h1>Sri Sharda Pith, Sringeri notified under Section 10(23C)(v) for tax exemption, must meet specific income application rules.</h1> The Central Government has notified the Sri Sri Jagatguru Shankaracharya Mahasanathanam Dakshinamnaya Sri Sharda Pith, Sringeri under section 10(23C)(v) of the Income-tax Act, 1961, for assessment years 1999-2000 to 2001-2002. The notification stipulates that the organization must apply its income solely to its established objectives, adhere to specific investment rules, and ensure any business activities are incidental to its objectives with separate accounts. Additionally, it must file regular income tax returns in compliance with the Act.
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