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<h1>Krishna Chandra Memorial Trust Gains Tax Exemption Under Section 10(23C)(iv) with Specific Conditions for 2001-2004</h1> The Central Government has notified the 'Krishna Chandra Memorial Trust, Ganjam, Orissa' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, applicable for the assessment years 2001-2002 to 2003-2004. The notification imposes conditions: the trust must apply its income exclusively to its objectives, invest funds as specified in section 11(5), ensure business income is incidental to its objectives with separate accounts, file regular tax returns, and, upon dissolution, transfer surplus assets to a similar charitable organization.