Tax-exempt recognition confirms a teachers' welfare foundation's notified status for specified assessment years under income-tax rules. The Central Government notifies The National Foundation for Teachers' Welfare, New Delhi, as recognised under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, for the purpose of income-tax assessments for the assessment years 1985-86 to 1989-90, confirming its tax-exempt recognition for that period.