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of <h1>Central Government Recognizes Institute of Franciscan Missionaries of Mary Society for Tax Exemption Under Section 10(23C)(v)</h1> The Central Government has issued a notification under section 10(23C)(v) of the Income-tax Act, 1961, recognizing the 'Institute of Franciscan Missionaries of Mary Society No. 10, Coimbatore' for the assessment years 1995-1996 to 1997-1999. The conditions for this notification include that the society must use or accumulate its income solely for its established objectives, must not invest its funds outside specified forms or modes, and the notification does not cover business income unless it is incidental to the society's objectives with separate accounting maintained.
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