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of <h1>Government Grants Tax Exemption to Amalgamated Tamil Nadu Shares Fund under Section 10(23C) for 1985-88 Assessment Years.</h1> The Central Government, exercising its authority under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, has issued Notification No. S.O.2245 dated May 20, 1986. This notification pertains to the 'Amalgamated Tamil Nadu Shares of Post-war Services Reconstruction and Rehabilitation of Ex-servicemen Fund,' granting it recognition for tax exemption purposes under the specified section. The notification applies to the assessment years from 1985-86 to 1987-88.
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