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of <h1>Bombay Salesian Society, Mumbai notified under Income-tax Act 1961, section 10(23C)(v) for specific assessment years.</h1> The Central Government has notified the Bombay Salesian Society, Mumbai under section 10(23C)(v) 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 and may not invest or deposit its funds, except for voluntary contributions, in forms other than those specified in section 11(5). Additionally, the notification excludes income from business profits unless the business is incidental to the society's objectives, with separate accounts maintained.
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