Section 10(23C)(v) notifies the 'Sri Ganapathi Sachidananda Avadhootha Datta Peetha Trust, Mysore' for the A.Y. 2005-06 to 2007-08 - 246/2004 - Income Tax Act, 1961
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Tax exemption notification: trust recognition conditioned on exclusive application of income, permitted investments, and compliance. Notification recognizes the trust under the tax exemption provision for the specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits must be in permitted forms except voluntary contributions held as jewellery or furniture; business income is excluded unless incidental and maintained in separate books; the trust must file returns regularly; on dissolution surplus and assets must transfer 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 notification: trust recognition conditioned on exclusive application of income, permitted investments, and compliance.
Notification recognizes the trust under the tax exemption provision for the specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits must be in permitted forms except voluntary contributions held as jewellery or furniture; business income is excluded unless incidental and maintained in separate books; the trust must file returns regularly; on dissolution surplus and assets must transfer to a similar charitable organisation.
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