Tax exemption under section 10(23C)(v) granted, subject to exclusive application of income and compliance conditions. Notification grants tax exemption under section 10(23C)(v) to Manav Seva Sangh for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments limited to modes specified in section 11(5) (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular filing of returns required; on dissolution surplus and assets must transfer 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.
Tax exemption under section 10(23C)(v) granted, subject to exclusive application of income and compliance conditions.
Notification grants tax exemption under section 10(23C)(v) to Manav Seva Sangh for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments limited to modes specified in section 11(5) (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular filing of returns required; on dissolution surplus and assets must transfer to a like charitable organisation.
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