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<h1>Income Tax Act Section 10(23C)(iv) Grants Exemption to Indian Parliamentary Group for 2005-2008, Subject to Conditions</h1> Section 10(23C)(iv) of the Income-tax Act, 1961, notifies the 'Indian Parliamentary Group, New Delhi' for the assessment years 2005-2006 to 2007-2008. The notification, issued by the Central Government, is subject to conditions: the group must apply its income solely to its objectives, not invest funds outside specified modes, exclude non-incidental business income unless separate accounts are maintained, file regular income tax returns, and upon dissolution, transfer surplus assets to a similar charitable organization. This ensures compliance with the Act's provisions for tax exemption.