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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Sarva Seva Sangh Notified Under Section 10(23C)(iv) for Tax Exemption, Must Adhere to Strict Income Use Rules.</h1> The Central Government has notified the Sarva Seva Sangh, Sevagram, Wardha, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1990-91 to 1992-93. The notification stipulates that the organization must use or accumulate its income solely for its established objectives. It must not invest its funds, except voluntary contributions in specific forms, outside the modes specified in section 11(5). Additionally, the notification excludes income from business profits unless the business is incidental to the organization's objectives and separate accounts are maintained.