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<h1>Leather Exports Council Gains Tax Exemption for 1995-98 Under Section 10(23C)(iv), Must Adhere to Investment Rules</h1> The Central Government has notified the Council for Leather Exports, Chennai, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1995-96 to 1997-98. The notification specifies that the Council must apply its income solely to its established objectives and invest its funds according to section 11(5), excluding voluntary contributions in certain forms. Additionally, the notification does not apply to business income unless the business is incidental to the Council's objectives and separate accounts are maintained for it.