Income-tax exemption under section 10(23C)(v): notified organisation granted conditional exemption subject to application, investment, business and filing obligations. Notification under section 10(23C)(v) grants the Catholic Bishops' Conference of India exemption for assessment years 1999-2000 to 2001-2002, conditional on applying income wholly to its objects; limiting investments to permissible modes; treating business income as exempt only when incidental with separate books; timely filing of income-tax returns; and transferring surplus assets on dissolution to a like charitable organisation.
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.
Income-tax exemption under section 10(23C)(v): notified organisation granted conditional exemption subject to application, investment, business and filing obligations.
Notification under section 10(23C)(v) grants the Catholic Bishops' Conference of India exemption for assessment years 1999-2000 to 2001-2002, conditional on applying income wholly to its objects; limiting investments to permissible modes; treating business income as exempt only when incidental with separate books; timely filing of income-tax returns; and transferring surplus assets on dissolution to a like charitable organisation.
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