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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Charity Trust Recognized for Tax Exemption Under Section 10(23C)(iv) for Assessment Years 1985-86 to 1987-88</h1> The Central Government has issued a notification under Section 10(23C)(iv) of the Income-tax Act, 1961, recognizing a charity trust for tax exemption purposes. This notification pertains to the 'Sir Hormusji Nowroji Mody (of Hong Kong) and Lady Manekbhai Mody Charity Trust' and applies to the assessment years 1985-86 to 1987-88. The notification, identified as S.O.2858 and dated December 13, 1984, grants the trust certain tax benefits as specified under the mentioned section of the Income-tax Act.
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