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<h1>Central Government Recognizes K.D. Malviya National Oil Museum for Tax Exemption Under Section 10(23C)(iv) of Income-tax Act 1961</h1> The Central Government has notified the 'K.D. Malviya National Oil Museum, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, effective for the assessment years 2002-2003 to 2004-2005. The museum must apply or accumulate its income solely for its established objectives, restrict investments to specified modes, and ensure business income is incidental and separately accounted for. It must file regular income tax returns and, upon dissolution, transfer surplus assets to a similar charitable organization.