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Any income received by any person on behalf of “Nathdwara Temple Board, Govind Bhavan, Nathdwara, Rajasthan exempted under Section 10 (23C)(v) - 151/2007 - Income Tax Act, 1961
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Tax exemption under Section 10(23C)(v) shields income received for Nathdwara Temple Board, subject to specified compliance conditions. Exemption applies to income received by any person on behalf of Nathdwara Temple Board, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, business only if incidental with separate books, regular filing of returns, mandatory audit and prescribed audit report, and transfer of surplus on dissolution to a like organization; applies to receipts on behalf of the Institution from assessment year 2008-09 and is subject to rescission if activities are not genuine or conditions are not complied with.
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) shields income received for Nathdwara Temple Board, subject to specified compliance conditions.
Exemption applies to income received by any person on behalf of Nathdwara Temple Board, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, business only if incidental with separate books, regular filing of returns, mandatory audit and prescribed audit report, and transfer of surplus on dissolution to a like organization; applies to receipts on behalf of the Institution from assessment year 2008-09 and is subject to rescission if activities are not genuine or conditions are not complied with.
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