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<h1>Central Government notifies ICAI under Section 10(23C)(iv) of Income-tax Act for assessment years 1988-89, 1989-90.</h1> The Central Government, exercising its powers under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, has officially notified the Institute of Chartered Accountants of India for the purposes specified in the said sub-clause. This notification applies to the assessment years 1988-89 and 1989-90, as per Notification No. S.O.3239 dated June 9, 1994.