Any income received by any person on behalf of Shree Gokarn Parthagali Jeevotham Math, Mumbai exempted under Section 10 (23C)(v) for the Assessment Years 2002-2003 to 2004-05 - 114/2006 - Income Tax Act, 1961
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Income exemption for donations received on behalf of a religious institution, subject to application, investment and reporting conditions. Notification exempts income received by any person on behalf of Shree Gokarn Parthagali Jeevotham Math, Mumbai from inclusion in the recipient's total income for the specified assessment years, subject to conditions requiring application or limited accumulation of income to institutional objects, permitted modes of investment under section 11(5), exclusion of business profits except when incidental with separate accounts, regular filing of returns, and transfer of surplus on dissolution to a similarly purposed organization.
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 exemption for donations received on behalf of a religious institution, subject to application, investment and reporting conditions.
Notification exempts income received by any person on behalf of Shree Gokarn Parthagali Jeevotham Math, Mumbai from inclusion in the recipient's total income for the specified assessment years, subject to conditions requiring application or limited accumulation of income to institutional objects, permitted modes of investment under section 11(5), exclusion of business profits except when incidental with separate accounts, regular filing of returns, and transfer of surplus on dissolution to a similarly purposed organization.
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