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of <h1>Vidya Mandir Society notified under section 10(23C)(vi) of Income-tax Act for specific assessment years, with strict compliance conditions.</h1> The Central Government has notified the Vidya Mandir Society, Calcutta, under section 10(23C)(vi) of the Income-tax Act, 1961, for assessment years 1999-2000 to 2001-2002. The notification stipulates that the society must apply its income solely for its established objectives, invest funds only in specified modes, and maintain separate accounts for any business activities incidental to its objectives. It must also file regular income tax returns. In case of dissolution, any surplus assets must be transferred to a similar charitable organization.
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