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<h1>Tax exemption for a charitable agency conditioned on exclusive application of income, restricted investments, accounting and dissolution transfer.</h1> Notification grants tax exemption to the Mysore Resettlement and Development Agency, Bangalore subject to conditions: apply income wholly to its objects or accumulate for that purpose; restrict investments to forms permitted for charitable income except certain voluntary contributions in kind; exclude business income unless incidental and separately accounted; file returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.
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