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of <h1>'The Lotus Trust' Gains Tax Exemption for 1985-86 to 1987-88 Under Section 10(23C)(iv) of Income-tax Act 1961.</h1> The Central Government has issued a notification under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, recognizing 'The Lotus Trust' for tax exemption purposes. This notification, identified as S.O.1094 and dated January 18, 1985, specifies that the trust is notified for the assessment years 1985-86 to 1987-88.
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