The Central Government notifies the''Grocery Markets & Shops Board, Mumbai' for the assessment years 1996-1997 to 1998-1999 for the purpose of clause (23C) (iv) of section 10 of the Income-tax Act. 1961 - 215/2003 - Income Tax

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Tax exemption under section 10(23C)(iv): Grocery Markets & Shops Board's income exempt for specified years subject to compliance. Notification designates Grocery Markets & Shops Board, Mumbai as eligible for exemption under clause (23C)(iv) of section 10 for assessment years 1996-97 to 1998-99, conditional on exclusive application or accumulation of income for stated objects, restricted investments to modes permitted by section 11(5) (except certain voluntary contributions held as movable property), exemption only for business income incidental to objectives with separate books, regular filing of returns, and transfer of surplus/assets on dissolution to a like charitable organisation.

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Tax exemption under section 10(23C)(iv): Grocery Markets & Shops Board's income exempt for specified years subject to compliance.

Notification designates Grocery Markets & Shops Board, Mumbai as eligible for exemption under clause (23C)(iv) of section 10 for assessment years 1996-97 to 1998-99, conditional on exclusive application or accumulation of income for stated objects, restricted investments to modes permitted by section 11(5) (except certain voluntary contributions held as movable property), exemption only for business income incidental to objectives with separate books, regular filing of returns, and transfer of surplus/assets on dissolution to a like charitable organisation.

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The Central Government notifies the''Grocery Markets & Shops Board, Mumbai' for the assessment years 1996-1997 to 1998-1999 for the purpose of clause (23C) (iv) of section 10 of the Income-tax Act. 1961 - 215/2003 - Income Tax

Tax exemption under section 10(23C)(iv): Grocery Markets & Shops Board's income exempt for specified years subject to compliance.

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The Central Government notifies the''Grocery Markets & Shops Board, Mumbai' for the assessment years 1996-1997 to 1998-1999 for the purpose of clause (23C) (iv) of section 10 of the Income-tax Act. 1961 - 215/2003 - Income Tax

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Tax exemption under section 10(23C)(iv): Grocery Markets & Shops Board's income exempt for specified years subject to compliance.

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