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<h1>Volkart Foundation recognized for tax exemptions under Section 10(23C)(iv) of Income-tax Act for 1987-88 and 1988-89.</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 'Volkart Foundation, Bombay' for the purpose of the mentioned sub-clause. This notification applies to the assessment years 1987-88 and 1988-89, granting the foundation certain tax exemptions as specified in the Act. The notification is identified as S.O.1772 and is dated March 30, 1988.