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of <h1>Liberty Educational Society granted tax exemption under Section 10(23C)(vi) for 1999-2002 with specific compliance conditions.</h1> The Central Government has notified the Liberty Educational Society, Mumbai under section 10(23C)(vi) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification is subject to conditions: the society must apply its income solely to its objectives, invest funds as per section 11(5), maintain separate accounts for any incidental business, file regular income tax returns, and upon dissolution, transfer assets to a similar charitable organization.
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