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of <h1>Government Grants Income Tax Recognition to Export Promotion Council for 1986-90 Under Section 10(23C)(iv) of Income-tax Act.</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 a notification concerning the 'Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council.' This notification, identified as S.O.2016 and dated April 11, 1989, grants the council recognition for the purpose of the specified sub-clause for the assessment years 1986-87 to 1989-90.
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