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<h1>Government Recognizes Society for Promotion of Waste Lands Development Under Section 10(23C)(iv) for Tax Exemption Benefits</h1> The Central Government has notified 'The Society for Promotion of Waste Lands Development, New Delhi' 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 society must apply its income exclusively for its established objectives, refrain from investing funds in modes not specified in section 11(5), and maintain separate accounts for any business activities, which must be incidental to its objectives. The notification excludes income derived from non-incidental business activities.