Tax exemption notification under section 10(23C)(iv) confirms charitable status of a music academy for limited assessment years. The Central Government, invoking the authority in section 10(23C)(iv) of the Income tax Act, notifies The Music Academy, Madras as an institution covered by that provision for a specified series of assessment years, thereby identifying the academy for the Act's tax exemption treatment under the cited clause.
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Tax exemption notification under section 10(23C)(iv) confirms charitable status of a music academy for limited assessment years.
The Central Government, invoking the authority in section 10(23C)(iv) of the Income tax Act, notifies The Music Academy, Madras as an institution covered by that provision for a specified series of assessment years, thereby identifying the academy for the Act's tax exemption treatment under the cited clause.
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