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of <h1>Central Government Notifies Institute of Franciscan Missionaries of Mary Under Section 10(23C)(v) for Tax Exemption 1990-93</h1> The Central Government has notified The Institute of the Franciscan Missionaries of Mary, Society No. 13, Nilgiris, under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1990-91 to 1992-93. The notification stipulates that the institute must apply its income exclusively to its established objectives, restrict investments to specified forms, and maintain separate accounts for any incidental business activities. The notification excludes income from business profits unless it aligns with the institute's objectives.
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