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Any income received by any person on behalf of Mata Amritanandamayi Math, Amritapuri, Kollam District, Kerala exempted under Section 10 (23C)(v) for the Assessment Years 2003-04 to 2005-06 - 205/2006 - Income Tax Act, 1961
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Exemption under Section 10(23C)(v): income received on behalf of Mata Amritanandamayi Math excluded from donors' taxable income. Any income received by any person on behalf of Mata Amritanandamayi Math is excluded from such person's total income for assessment years 2003-04 to 2005-06 under Section 10(23C)(v), subject to conditions: application or limited accumulation of income for institutional objects, prescribed investment modes, business income only if incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a like-minded 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.
Exemption under Section 10(23C)(v): income received on behalf of Mata Amritanandamayi Math excluded from donors' taxable income.
Any income received by any person on behalf of Mata Amritanandamayi Math is excluded from such person's total income for assessment years 2003-04 to 2005-06 under Section 10(23C)(v), subject to conditions: application or limited accumulation of income for institutional objects, prescribed investment modes, business income only if incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization.
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