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of <h1>Central Government Grants Tax Exemption to Franciscan Servants of Mary Society Under Section 10(23C)(iv) for 1992-1995</h1> The Central Government has notified 'The Society of the Franciscan Servants of Mary, Algapuram, Salem' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for the assessment years 1992-93 to 1994-95. The notification is subject to conditions including the use of income solely for its established objectives, restrictions on investment of funds, exclusion of business income unless incidental and separately accounted, regular filing of income tax returns, and transfer of surplus assets to a similar charitable organization upon dissolution.
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