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<h1>Malankara Orthodox Syrian Church Recognized Under Section 10(23C)(v) for Tax Exemption: Conditions Apply on Income Use</h1> The Central Government has notified 'The Malankara Orthodox Syrian Church, Kottayam, Kerala' under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 2002-2003 to 2004-2005. The notification stipulates that the church must apply its income solely for its established objectives and not invest funds outside specified modes. It excludes business income unless incidental to the church's objectives with separate accounts. The church is required to file regular income tax returns, and in case of dissolution, its surplus and assets must be transferred to a similar charitable organization.