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<h1>Indian Council for Research on International Economic Relations notified under Income-tax Act Section 10(23C)(iv) for specific tax exemptions.</h1> The Central Government has notified the Indian Council for Research on International Economic Relations in New Delhi under section 10(23C)(iv) of the Income-tax Act, 1961, for assessment years 2004-2005 to 2006-2007. The notification mandates that the Council apply its income exclusively to its objectives and restricts investment to specified modes. It excludes profits from business activities unless incidental to its objectives, requiring separate accounting for such activities. The Council must file regular income tax returns, and in case of dissolution, transfer surplus assets to a similar charitable organization.