Tax exemption under section 10(23C)(v) granted to Mar Thoma Syrian Church subject to application, investment, business and dissolution conditions. Notification recognises Mar Thoma Syrian Church of Malabar, Thiruvalla, Kerala for tax exemption under sub-clause (v) of clause (23C) of section 10 for assessment years 2004-2005 to 2006-2007, conditional on applying income wholly and exclusively to its objects; restricting investments to legally permitted forms; excluding business income unless incidental and separately accounted; regularly filing returns; and transferring surplus and assets to a charitable organisation with similar objects on dissolution.
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Tax exemption under section 10(23C)(v) granted to Mar Thoma Syrian Church subject to application, investment, business and dissolution conditions.
Notification recognises Mar Thoma Syrian Church of Malabar, Thiruvalla, Kerala for tax exemption under sub-clause (v) of clause (23C) of section 10 for assessment years 2004-2005 to 2006-2007, conditional on applying income wholly and exclusively to its objects; restricting investments to legally permitted forms; excluding business income unless incidental and separately accounted; regularly filing returns; and transferring surplus and assets to a charitable organisation with similar objects on dissolution.
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