Charitable exemption granted to Sriman Madhwa Sidhantonnahini Sabha subject to conditions on exclusive application of income. Notification grants charitable exemption to 'Sriman Madhwa Sidhantonnahini Sabha, Tirupati' under clause (23C)(v) of section 10 for assessment years 1990-1991 to 1992-1993, conditioned on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to modes specified in Section 11(5) (excluding voluntary contributions held as jewellery, furniture etc.); excluding business income unless incidental with separate books; requiring regular filing of returns; and mandating transfer of surplus and assets to a similar charitable organisation on dissolution.
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Charitable exemption granted to Sriman Madhwa Sidhantonnahini Sabha subject to conditions on exclusive application of income.
Notification grants charitable exemption to "Sriman Madhwa Sidhantonnahini Sabha, Tirupati" under clause (23C)(v) of section 10 for assessment years 1990-1991 to 1992-1993, conditioned on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to modes specified in Section 11(5) (excluding voluntary contributions held as jewellery, furniture etc.); excluding business income unless incidental with separate books; requiring regular filing of returns; and mandating transfer of surplus and assets to a similar charitable organisation on dissolution.
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