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of <h1>Mumbai Organization Notified Under Section 10(23C)(iv) for Specific Income Use and Investment Rules, 1999-2002</h1> The Central Government has notified an organization in Mumbai under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification stipulates that the organization must apply its income solely for its established objectives and invest its funds only in specified forms or modes, excluding voluntary contributions in the form of jewelry or furniture. Additionally, the notification does not apply to profits from business activities unless such business is incidental to the organization's objectives and separate accounts are maintained for it.
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