Charitable institution tax notification grants exemption subject to income application, permitted investments, accounting and filing obligations. Notification under section 10(23C)(v) designates the Sri Sri Jagatguru Shankaracharya Mahasanathanam Dakshinamnaya Sri Sharda Pith, Sringeri as eligible for exemption for specified assessment years subject to conditions: income must be applied or accumulated solely for the institution's objects; investments and deposits (except certain tangible voluntary contributions) must conform to forms permitted by section 11(5); business income is excluded unless incidental and maintained in separate books; and the institution must regularly file income tax returns in accordance with the Act.
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.
Charitable institution tax notification grants exemption subject to income application, permitted investments, accounting and filing obligations.
Notification under section 10(23C)(v) designates the Sri Sri Jagatguru Shankaracharya Mahasanathanam Dakshinamnaya Sri Sharda Pith, Sringeri as eligible for exemption for specified assessment years subject to conditions: income must be applied or accumulated solely for the institution's objects; investments and deposits (except certain tangible voluntary contributions) must conform to forms permitted by section 11(5); business income is excluded unless incidental and maintained in separate books; and the institution must regularly file income tax returns in accordance with the Act.
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 
