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<h1>Central Government Recognizes SEBI-Authorized Mutual Fund Under Section 10(23D) of Income-tax Act, 1961 for Tax Benefits.</h1> The Central Government, exercising its authority under clause (23D) of section 10 of the Income-tax Act, 1961, specifies a mutual fund authorized by the Securities and Exchange Board of India (SEBI). This mutual fund, registered under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1993, is recognized for the purposes outlined in the specified clause. The notification, dated March 31, 1994, formalizes this specification, ensuring compliance with the regulatory framework established under the Securities and Exchange Board of India Act, 1992.