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Any income received by any person on behalf of Sri Sri Jagatguru Shankaracharya Mahasamsthanam Dakshinamnaya, Sri Sharada Peetham, Sirngeri exempted under Section 10 (23C)(v) for the Assessment Years 2005-2006 to 2007-08 - 141/2006 - Income Tax Act, 1961
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Tax exemption for institution income conditioned on exclusive application, accumulation limits, permitted investments and compliance filing. Notification exempts from assessable income any income received on behalf of Sri Sri Jagatguru Shankaracharya Mahasamsthanam Dakshinamnaya, Sri Sharada Peetham, Sirngeri for assessment years 2005-2006 to 2007-2008, subject to conditions: application or limited accumulation of income for institutional objects, investment only in prescribed modes, business income only if incidental with separate accounts, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization; applies only to recipients of income on behalf of the Institution.
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 institution income conditioned on exclusive application, accumulation limits, permitted investments and compliance filing.
Notification exempts from assessable income any income received on behalf of Sri Sri Jagatguru Shankaracharya Mahasamsthanam Dakshinamnaya, Sri Sharada Peetham, Sirngeri for assessment years 2005-2006 to 2007-2008, subject to conditions: application or limited accumulation of income for institutional objects, investment only in prescribed modes, business income only if incidental with separate accounts, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization; applies only to recipients of income on behalf of the Institution.
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