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of <h1>Central Government Grants Tax Exemption to Brihanmumbai Kreeda Ani Lalitkala Pratishthan under Section 10(23) for 2001-2003.</h1> The Central Government has notified Brihanmumbai Kreeda Ani Lalitkala Pratishthan, Mumbai, under section 10(23) of the Income Tax Act, 1961, for the assessment years 2001-2002 to 2002-2003. The notification requires the organization to use its income solely for its established objectives, restricts investments to specified forms, and mandates separate accounts for any business activities incidental to its objectives. The organization must file regular income tax returns, and in the event of dissolution, its surplus and assets must be transferred to a similar charitable organization.
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