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<h1>Leather Exports Council Gains Income Tax Exemption Under Section 10 for 1992-1995 with Strict Compliance Conditions</h1> The Central Government has notified the 'Council for Leather Exports, Chennai' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for assessment years 1992-1993 to 1994-1995. The notification requires the assessee to apply its income solely to its established objectives, restricts investment of funds to specified forms, mandates separate accounts for business profits, requires regular income tax returns, and stipulates that upon dissolution, surplus assets must be transferred to a charitable organization with similar objectives.