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of <h1>Government Recognizes Research Information System Under Section 10(23C) for Tax Exemption for 1989-90 Assessment Year</h1> The Central Government has issued a notification under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, recognizing the Research Information System for the Non-Aligned and Other Developing Countries (RIS), based in New Delhi. This notification, identified as S.O.1502 and dated March 18, 1994, applies to the assessment year 1989-90. The notification is part of the government's exercise of its powers to exempt certain entities from income tax under the specified section of the Act.
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