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<h1>Dalai Lama's Charitable Trust Gains Tax Exemption for 2002-05 under Section 10(23C)(iv) of Income-tax Act</h1> The Central Government has notified 'His Holiness the Dalai Lama's Charitable Trust, New Delhi' under Section 10(23C)(iv) of the Income-tax Act, 1961, for the assessment years 2002-03 to 2004-05. The notification requires the Trust to exclusively apply its income to its established objectives, restricts investment of funds to specified forms, mandates separate accounts for business income related to its objectives, and requires regular income tax filings. In case of dissolution, any surplus must be transferred to a similar charitable organization, ensuring no distribution to Society members.