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<h1>Govind Bhawan Karyalaya Recognized for Tax Exemption Under Section 10(23C)(v) for 1990-93; Must Comply with Section 11(5)</h1> The Central Government has issued a notification under section 10(23C)(v) of the Income-tax Act, 1961, recognizing 'Govind Bhawan Karyalaya, Calcutta' for the assessment years 1990-91 to 1992-93. The notification stipulates that the entity must apply its income exclusively for its established objectives and invest funds only in specified forms as per section 11(5). Additionally, the notification excludes income from business profits unless the business is incidental to its objectives and separate accounts are maintained.