Notifies the Manav Seva Sangh, Vrindavan, U.P. u/s 10(23C)(v) - 11080 - Income Tax

Notifies the Manav Seva Sangh, Vrindavan, U.P. u/s 10(23C)(v) NOTIFICATION NO. 11080 DATED 16-9-1999 In exercise of the powers conferred by the sub-clause ( v ) of clause (23C) of section 10 of the Income-tax (43 of 1961) the Central Government hereby notifies the "Manav Seva Sangh, Vrindavan, U.P." for the purpose of the said sub-clause for the assessment year 1994-95 to 1996-97 subject 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 fund (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. 197/38/99-ITA.I.]