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<h1>Govt Recognizes Goods Transport Labour Board for Tax Exemption (1990-93) Under Section 10(23C)(iv) of Income-tax Act</h1> The Central Government has issued a notification under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, recognizing the 'Goods Transport Labour Board, Mumbai' for the assessment years 1990-91 to 1992-93. The notification stipulates conditions: the assessee must apply its income exclusively to its objectives, not invest funds contrary to specified modes, ensure business profits are incidental and maintain separate accounts, regularly file income tax returns, and in case of dissolution, transfer surplus assets to a similar charitable organization.