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of <h1>'Hindu Satkar Samity, Kolkata' Gains Income-Tax Exemption Under Section 10(23C)(v) for 1999-2002 with Conditions</h1> The Central Government has notified the 'Hindu Satkar Samity, Kolkata' under clause (23C)(v) of section 10 of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. The notification imposes conditions: the organization must apply its income solely to its established objectives, adhere to specified investment modes, ensure any business income is incidental and separately accounted for, regularly file tax returns, and, upon dissolution, transfer surplus assets to a similar charitable organization.
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