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of <h1>Aga Khan Foundation gains tax exemption under Section 10(23C)(iv) for specific years; must adhere to investment rules.</h1> The Central Government has notified the Aga Khan Foundation, New Delhi, under section 10(23C)(iv) of the Income-tax Act, 1961, for assessment years 1999-2000 to 2001-2002. The notification specifies that the foundation must apply its income exclusively to its established objectives and invest its funds only in approved forms or modes, excluding voluntary contributions in forms like jewelry or furniture. Additionally, the notification does not apply to business income unless the business is incidental to the foundation's objectives and separate accounts are maintained.
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