Notification under section 10(23C)(iv) confirms tax-exempt status of The Lotus Trust for specified assessment years. The Central Government notifies The Lotus Trust as covered by section 10(23C)(iv) of the Income-tax Act, recognizing the trust for the tax treatment under that provision for the assessment years 1985-86 to 1987-88, by way of an executive notification identifying the temporal scope of designation.
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Provisions expressly mentioned in the judgment/order text.
Notification under section 10(23C)(iv) confirms tax-exempt status of The Lotus Trust for specified assessment years.
The Central Government notifies The Lotus Trust as covered by section 10(23C)(iv) of the Income-tax Act, recognizing the trust for the tax treatment under that provision for the assessment years 1985-86 to 1987-88, by way of an executive notification identifying the temporal scope of designation.
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