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<h1>National Horticulture Board Gains Tax Exemption for 1996-99 Under Section 10(23C)(iv); Must Adhere to Investment Rules</h1> The Central Government has notified the National Horticulture Board, Gurgaon, Haryana, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1996-97 to 1999-99. This notification is subject to conditions that the Board must apply its income solely to its established objectives, not invest funds in unauthorized forms except specified in section 11(5), and maintain separate accounts for any business profits, which must be incidental to its objectives. This ensures compliance with tax exemptions under the specified section of the Income-tax Act.