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<h1>Society for Promotion of Wastelands Development notified under Section 10(23C)(iv) for tax exemption, must meet specific conditions.</h1> The Central Government has notified the Society for Promotion of Wastelands Development, New Delhi under Section 10(23C)(iv) of the Income-tax Act, 1961 for the assessment years 2005-06 to 2007-08. The notification is subject to conditions: the society must apply its income exclusively to its objectives, invest funds as specified in Section 11(5), maintain separate accounts for any incidental business, file regular income tax returns, and ensure that upon dissolution, its assets are transferred to an organization with similar objectives.