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of <h1>Central Government Recognizes Uttaradi Math for Tax Exemption under Section 10(23C)(v) for 1999-2002 Assessment Years</h1> The Central Government has notified the 'Srimad Jagadguru Madhwarcharya Moolamahasunsthana Uttaradi Math, Kalyanagar, Dharwad' under clause (23C)(v) of section 10 of the Income-tax Act, 1961, for assessment years 1999-2000 to 2001-2002. The notification stipulates that the entity must apply its income exclusively to its established objectives, invest funds only as specified in section 11(5), maintain separate accounts for any incidental business, regularly file income tax returns, and ensure that any surplus upon dissolution is transferred to a similar charitable organization.
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