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<h1>'Bharatiya Bhasha Parishad, Calcutta' exempted from income tax for 1987-88, 1988-89 under Section 10(23C)(iv) of IT Act.</h1> The Central Government has issued a notification under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961, designating 'Bharatiya Bhasha Parishad, Calcutta' for the assessment years 1987-88 and 1988-89. This notification, identified as S.O.1770 and dated March 10, 1987, exempts the organization from certain income tax obligations for the specified assessment years.