Tax exemption under section 10(23C) granted to a charitable society subject to conditions on income use and investments. Notification grants tax exemption under section 10(23C) to Sriman Madhwa Sidhantonnahini Sabha, Tirupati subject to conditions: apply or accumulate income wholly for its objects; limit investments to forms permitted by Section 11(5) (except voluntary contributions in jewellery or furniture); exclude business income unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus assets to a charitable organisation with similar objects.
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 under section 10(23C) granted to a charitable society subject to conditions on income use and investments.
Notification grants tax exemption under section 10(23C) to Sriman Madhwa Sidhantonnahini Sabha, Tirupati subject to conditions: apply or accumulate income wholly for its objects; limit investments to forms permitted by Section 11(5) (except voluntary contributions in jewellery or furniture); exclude business income unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus assets to a charitable organisation with similar objects.
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