The Central Government notifies the 'Centre for High Technology, New Delhi' under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 - 283/2002 - Income Tax

Tax exemption for charitable institution notified under section 10(23C)(iv), subject to application, investment, accounting and dissolution conditions.

Notification designates the Centre for High Technology, New Delhi, under clause (23C)(iv) of section 10 for the specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits are restricted to permissible forms (with limited exception for voluntary contributions held as jewellery, furniture, etc.); the notification does not cover business profits unless business is incidental and separate books are maintained; regular filing of income-tax returns is required; and on dissolution surplus and assets must be given to a charitable organization with similar objectives.