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of <h1>Action for Food Production Notified Under Section 10(23C)(iv) for Tax Exemption from 1994-95 to 1996-97</h1> The Central Government has notified 'Action for Food Production (AFPRO), Janakpuri, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961, for assessment years 1994-95 to 1996-97. The notification stipulates that AFPRO must apply its income solely to its established objectives, avoid certain investments, maintain separate accounts for business income, file regular income tax returns, and, upon dissolution, transfer surplus assets to a similar charitable organization. These conditions ensure compliance with the specified tax exemption provisions.
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