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of <h1>Little Flower Education Society Gains Tax Exemption Under Section 10(23C)(vi) for Educational Purposes, Effective 2008-09</h1> Little Flower Education Society, associated with Bikaner Boys School, has been approved under section 10(23C)(vi) of the Income-tax Act, 1961, effective from the assessment year 2008-09. The approval mandates that the society's income must be used exclusively for educational purposes. The society is restricted from investing funds in forms not specified in section 11(5) and must maintain separate accounts for any incidental business activities. Regular income tax returns must be filed, and, upon dissolution, assets must be transferred to a similar charitable organization. The approval excludes anonymous donations and remains valid until withdrawn.
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