Tax exemption under section 10(23C) granted to a charitable institution subject to operational, investment and reporting conditions. Notification designates Shri Ahobila Math Sanukrita Vidya Abhivardhini Sabha, Chennai for charitable institution exemption for specified assessment years on conditions that income be applied exclusively to its objects; investments and deposits be confined to permitted forms; business income qualify only if incidental with separate books; returns be filed regularly; and on dissolution surplus and assets be transferred to a similar charitable organisation.
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 institution subject to operational, investment and reporting conditions.
Notification designates Shri Ahobila Math Sanukrita Vidya Abhivardhini Sabha, Chennai for charitable institution exemption for specified assessment years on conditions that income be applied exclusively to its objects; investments and deposits be confined to permitted forms; business income qualify only if incidental with separate books; returns be filed regularly; and on dissolution surplus and assets be transferred to a similar charitable organisation.
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