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of <h1>Central Government notifies Bangalore organization under section 10(23C)(v) for tax assessment years 1993-96 with specific income application rules.</h1> The Central Government has notified an organization in Bangalore under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1993-94 to 1995-96. The notification specifies that the organization must apply its income exclusively for its established objectives and can only invest its funds in approved forms or modes as per section 11(5), excluding voluntary contributions in certain forms. Additionally, the notification does not apply to business income unless the business is incidental to the organization's objectives and separate accounts are maintained.
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