The Central Government notifies the 'Shri Jambhuvantiji Mandir Trust, Bet' under clause (23C)(v) of section 10 of the Income-tax Act, 1961 - 272/2002 - Income Tax Act, 1961
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Section 10(23C)(v) tax exemption: trust notified subject to exclusive income application, permitted investments, filing, and dissolution rules. Notification under clause (23C)(v) of section 10 notifies Shri Jambhuvantiji Mandir Trust, Bet for specified assessment years subject to conditions: income must be applied or accumulated exclusively for trust objects; investments limited to modes permitted by section 11(5) (except certain retained voluntary contributions); business income excluded unless incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.
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.
Section 10(23C)(v) tax exemption: trust notified subject to exclusive income application, permitted investments, filing, and dissolution rules.
Notification under clause (23C)(v) of section 10 notifies Shri Jambhuvantiji Mandir Trust, Bet for specified assessment years subject to conditions: income must be applied or accumulated exclusively for trust objects; investments limited to modes permitted by section 11(5) (except certain retained voluntary contributions); business income excluded unless incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.
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