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of <h1>Kanchipuram Gandhi Road Cloth Merchants Notified Under Section 10(23C)(v) for Tax Exemption; Conditions Apply.</h1> The Central Government has notified the Kanchipuram Gandhi Road Cloth Merchants Chatra Dharma Paripalana Mahamai Sangam, Kanchipuram-I, under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1990-91 to 1991-92. The conditions for this notification include that the assessee must apply its income solely for its established objectives, not invest its funds in unauthorized forms, and ensure that any business income is incidental to its objectives with separate accounting maintained. This notification excludes profits and gains of business unless they align with these conditions.
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