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<h1>Central Government Grants Tax Exemption to Amalgamated Tamil Nadu Funds for AY 1989-90 Under Section 10(23C)(iv) of IT Act.</h1> The Central Government, exercising powers under section 10(23C)(iv) of the Income-tax Act, 1961, has notified the Amalgamated Tamil Nadu Shares of Post War Services Reconstruction Fund and the Special Fund for Ex-servicemen Fund, Madras, for the assessment year 1989-90. This notification, identified as S.O.1475 and dated January 10, 1994, recognizes these funds for the specified tax exemption purposes under the mentioned section of the Income-tax Act.