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of <h1>Central Government Notifies Jaffer Suleman Musafirkhana Trust Under Section 10(23C)(v) for Tax Exemption, Sets Investment Rules</h1> The Central Government has notified the 'Jaffer Suleman Musafirkhana Trust, Bombay' under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1989-90 to 1991-92. The notification mandates that the Trust must apply its income exclusively to its established objectives and restricts investments to specified forms, excluding voluntary contributions kept as assets like jewellery and furniture. Additionally, the notification stipulates that any business income must be incidental to the Trust's objectives, with separate accounts maintained for such business activities.
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