Tax exemption recognition confirms an institution's notified status under income tax provision, effective from the stated assessment year. Notification formally recognizes Anjuman-e-Islamiah, Kurnool as eligible for tax exemption under clause (v) of subsection (23C) of section 10 of the Income-tax Act, with the Central Government declaring the recognition effective from the assessment year 1977-78, thereby fixing the operative year for application of the exemption.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption recognition confirms an institution's notified status under income tax provision, effective from the stated assessment year.
Notification formally recognizes Anjuman-e-Islamiah, Kurnool as eligible for tax exemption under clause (v) of subsection (23C) of section 10 of the Income-tax Act, with the Central Government declaring the recognition effective from the assessment year 1977-78, thereby fixing the operative year for application of the exemption.
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