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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Central Government Notifies Export Promotion Council for Handicrafts Under Section 10(23C)(iv) of Income-tax Act for 1996-99</h1> The Central Government has notified the Export Promotion Council for Handicrafts, New Delhi, under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1996-97 to 1998-99. The notification stipulates that the Council must apply its income solely to its established objectives and invest its funds only in specified forms or modes, excluding voluntary contributions in the form of jewelry or furniture. 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 such business.