Tax exemption 10(23C)(v) requires charitable organisations to apply income to objects and meet investment, business and filing conditions. Notification under section 10(23C)(v) designates Sadr. Anjuman Ahmadiyya Quadian, Punjab as qualifying for tax exemption for assessment years 2000-2001 to 2002-2003, conditional on applying income wholly to its objects, restricting investments to forms allowed by section 11(5) (excluding certain tangible voluntary contributions), treating business income as non-exempt unless incidental with separate books, and regularly filing income-tax returns as required by the Income-tax Act, 1961.
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 10(23C)(v) requires charitable organisations to apply income to objects and meet investment, business and filing conditions.
Notification under section 10(23C)(v) designates Sadr. Anjuman Ahmadiyya Quadian, Punjab as qualifying for tax exemption for assessment years 2000-2001 to 2002-2003, conditional on applying income wholly to its objects, restricting investments to forms allowed by section 11(5) (excluding certain tangible voluntary contributions), treating business income as non-exempt unless incidental with separate books, and regularly filing income-tax returns as required by the Income-tax Act, 1961.
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