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<h1>Income of Pharmaceutical Producers' Group Exempt from 2001-03 Tax Under Section 10(23C)(iv) with Conditions</h1> The Central Government has issued a notification exempting any income received on behalf of the Organisation of Pharmaceutical Producers of India, Mumbai, from being included in the total income for assessment years 2001-02 to 2003-04 under Section 10(23C)(iv) of the Income-tax Act, 1961. This exemption is subject to conditions: the income must be applied to the organization's objectives, investment restrictions apply, business profits are exempt only if incidental and separately accounted, tax returns must be filed, and surplus on dissolution must go to a similar organization. The exemption applies only to income received on behalf of the organization.