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of <h1>Punjab Isti Sabha Relief Trust Notified under Section 10(23C)(iv) for Tax Exemption, Subject to Specific Investment Conditions</h1> The Central Government has notified the Punjab Isti Sabha Relief Trust under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1991-92 to 1993-94. The notification stipulates that the trust must apply or accumulate its income exclusively for its established objectives. It prohibits the trust from investing its funds, except for voluntary contributions maintained as jewelry or furniture, in forms not specified in section 11(5). Additionally, the notification excludes income from business profits unless the business is incidental to the trust's objectives and separate accounts are maintained.
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