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of <h1>Shri Nasik Panchavati Panjarapol Notified for Tax Exemption Under Section 10(23C) for 1990-93; Conditions Apply.</h1> The Central Government, under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, has notified Shri Nasik Panchavati Panjarapol, Nasik-3, for the assessment years 1990-91 to 1992-93. The notification stipulates that the entity must apply its income solely to its established objectives, restrict investments to specified forms, and ensure business income is incidental to its objectives with separate accounting. This notification excludes any income from profits and gains of business unless these conditions are met.
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