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<h1>Central Government Recognizes Chief Khalsa Diwan Under Section 10(23C)(v) for Tax Exemption from 1994-95 to 1996-97</h1> The Central Government has issued a notification under section 10(23C)(v) of the Income-tax Act, 1961, recognizing Chief Khalsa Diwan, Amritsar, for the assessment years 1994-95 to 1996-97. This recognition is contingent upon the organization applying or accumulating its income exclusively for its established objectives. Additionally, the organization must invest its funds in specified forms or modes as per section 11(5) and maintain separate accounts for any business income, ensuring such business is incidental to its objectives. Profits and gains from business activities are excluded unless these conditions are met.