Any income received by any person on behalf of “Shree Kavle Math Samsthan, 91, Banganga Road, Walheshwar, Mumbai exempted under Section 10 (23C)(v) - 077/2007 - Income Tax Act, 1961
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Tax exemption for institutional receipts: income received on behalf of Shree Kavle Math Samsthan excluded from recipients' total income. Any income received by any person on behalf of 'Shree Kavle Math Samsthan, 91, Banganga Road, Walheshwar, Mumbai-400006' shall not be included in the total income of such person, subject to conditions requiring exclusive application or regulated accumulation of income, permitted investment modes, incidental-business treatment with separate accounts, regular filing of returns, statutory audit and reporting, and transfer of surplus on dissolution to an organization with similar objectives; the exemption applies to recipients for assessment years from 2005-06 onwards and is rescindable if activities are not genuine or conditions are not met.
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 for institutional receipts: income received on behalf of Shree Kavle Math Samsthan excluded from recipients' total income.
Any income received by any person on behalf of "Shree Kavle Math Samsthan, 91, Banganga Road, Walheshwar, Mumbai-400006" shall not be included in the total income of such person, subject to conditions requiring exclusive application or regulated accumulation of income, permitted investment modes, incidental-business treatment with separate accounts, regular filing of returns, statutory audit and reporting, and transfer of surplus on dissolution to an organization with similar objectives; the exemption applies to recipients for assessment years from 2005-06 onwards and is rescindable if activities are not genuine or conditions are not met.
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