Any income received by any person on behalf of Shri Chitrapur Math, Bangalore exempted under Section 10 (23C)(iv) for the Assessment Years 2005-2006 to 2007-08 - 110/2006 - Income Tax Act, 1961
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Exemption under Section 10(23C)(iv) excludes income received on behalf of a religious institution, subject to compliance conditions. Income received by any person on behalf of Shri Chitrapur Math, Bangalore shall not be included in that person's total income for assessment years 2005-2006 to 2007-2008 under the notification invoking Section 10(23C)(iv), subject to conditions: application or limited accumulation of income, restricted modes of investment, exclusion of non-incidental business income unless separately accounted, regular filing of returns, and transfer of surplus/assets on dissolution to an organisation with similar objectives.
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.
Exemption under Section 10(23C)(iv) excludes income received on behalf of a religious institution, subject to compliance conditions.
Income received by any person on behalf of Shri Chitrapur Math, Bangalore shall not be included in that person's total income for assessment years 2005-2006 to 2007-2008 under the notification invoking Section 10(23C)(iv), subject to conditions: application or limited accumulation of income, restricted modes of investment, exclusion of non-incidental business income unless separately accounted, regular filing of returns, and transfer of surplus/assets on dissolution to an organisation with similar objectives.
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