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<h1>South Central Zone Cultural Centre Notified for Tax Exemption Under Section 10(23C)(iv) for Assessment Year 1997-98</h1> The Central Government, under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, has notified the South Central Zone Cultural Centre, Nagpur, for the assessment year 1997-98. The notification specifies conditions: the Centre must apply its income solely to its established objectives, invest funds only in specified forms, and maintain separate accounts for any business income, which must be incidental to its objectives. This notification excludes any business profits unless these conditions are met.