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<h1>Leather Exports Council Gains Tax Exemption Under Section 10(23C)(iv) for 1989-92; Must Follow Specific Financial Guidelines.</h1> The Central Government has notified the 'Council for Leather Exports, Chennai' under section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 1989-90 to 1991-92. The notification stipulates that the council must apply or accumulate its income solely for its established objectives, invest funds only in specified forms, and maintain separate accounts for any incidental business activities. Additionally, the council is required to file regular income tax returns and, upon dissolution, transfer any surplus and assets to a charitable organization with similar objectives.