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of <h1>Mother India Educational Society, Mumbai notified under Section 10(23C)(vi) for tax exemption with strict compliance conditions.</h1> The Central Government has notified the Mother India Educational Society, Mumbai under section 10(23C)(vi) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The society must apply its income exclusively towards its established objectives, refrain from non-compliant investments, and maintain separate accounts for any incidental business activities. It must also file regular income tax returns and, upon dissolution, transfer any surplus assets to a similar charitable organization. Any non-compliant deposits or investments must be rectified by March 31, 2001.
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