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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Centre for Social Studies, Surat notified under Section 10(23C)(iv) of Income-tax Act for specific assessment years.</h1> The Central Government has notified the 'Centre for Social Studies, Surat' under Section 10(23C)(iv) of the Income-tax Act, 1961, for assessment years 1995-1996 to 1997-1998. The notification mandates that the Centre apply its income solely to its established objectives and restricts investment of funds to specified forms. It excludes income from business profits unless incidental to its objectives, requiring separate accounting for such activities. The Centre must file regular income tax returns and, upon dissolution, transfer surplus and assets to a similar charitable organization.