Notifies the Maninagar Shri Swaminarayan Gadi Sansthan Shreeji Sankalp Murti Adya Acharya Pravar Dharmadhurandhar 1008 Shree Muktajeevan Swami Bapa Suwarna Jayanti Mahotsava Smarak Trust, Ahmedabad u/s 10(23C)(v) - 11079 - Income Tax

Notifies the Maninagar Shri Swaminarayan Gadi Sansthan Shreeji Sankalp Murti Adya Acharya Pravar Dharmadhurandhar 1008 Shree Muktajeevan Swami Bapa Suwarna Jayanti Mahotsava Smarak Trust, Ahmedabad u/s 10(23C)(v) NOTIFICATION NO. 11079 DATED 14-9-1999 In exercise of the powers conferred by the sub-clause ( v ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the "Maninagar Shri Swaminarayan Gadi Sansthan Shreeji Sankalp Murti Adya Acharya Pravar Dharmadhurandhar 1008 Shree Muktajeevan Swami Bapa Suwarna Jayanti Mahotsava Smarak Trust, Ahmedabad" for the purpose of the said sub-clause for the assessment years 1996-97 to 1998-99 subject to the following conditions, namely : ( i ) the assessee will apply its income, or accumulate for application, wholly and exclusively to the objects for which it is established ; ( ii ) the assessee will not invest or deposit its funds (other than voluntary contributions received and maintained in the form of jewellery, furniture, etc.) for any period during the previous years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of section 11; ( iii ) this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business. [F. No. 197/20/99/ITA.I.]