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of <h1>Tilonia Shodh Evam Vikas Sansthan Approved Under Section 10(23C)(vi) for Tax Exemption from 2007-08 Onwards</h1> The Chief Commissioner of Income Tax in Udaipur has approved 'Tilonia Shodh Evam - Vikas Sansthan, Kishangarh (Rajasthan)' under section 10(23C)(vi) of the Income-tax Act, 1961, effective from the assessment year 2007-08 onwards. The approval is contingent upon several conditions: the organization must apply its income exclusively to its established objectives, invest funds according to specified modes, maintain separate accounts for any incidental business, file regular income tax returns, and ensure that upon dissolution, assets are transferred to a similar charitable organization. This notification pertains only to income received by the organization and does not affect other income of the recipients.
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