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<h1>Dalai Lama Foundation Notified Under Section 10 Clause 23C(v) for Tax Exemption; Must Adhere to Specific Conditions</h1> The Central Government has notified the 'Foundation for Universal Responsibility of His Holiness The Dalai Lama, New Delhi' under clause (23C)(v) of section 10 of the Income-tax Act, 1961, for assessment years 1991-92 to 1992-93. The notification mandates that the foundation must apply its income solely to its established objectives, invest funds only in specified modes, and maintain separate accounts for any incidental business. It must also file regular income tax returns and, upon dissolution, transfer surplus assets to a similar charitable organization.