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of <h1>Indian Gypsy Works Fellowship Trust notified under IT Act section 10(23C)(v); income must align with objectives.</h1> The Central Government has notified the Indian Gypsy Works Fellowship Trust, Tamil Nadu, under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment year 1992-93. The notification specifies that the Trust must use its income solely for its established objectives and restricts its investments to certain forms specified in section 11(5). Additionally, the notification excludes income from business profits unless the business is incidental to the Trust's objectives and maintains separate accounts.
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