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<h1>Loreto House Educational Society Granted Tax Exemptions for 1974-75 and 1975-76 under Section 10(23C)(iv) of Income-tax Act.</h1> The Central Government, exercising its authority under clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961, has issued a notification (S.O.703 dated 23-2-1978) concerning Loreto House Educational Society of Calcutta. This notification grants the society recognition under the specified section for the assessment years 1974-75 and 1975-76, providing them with certain tax exemptions as outlined in the Act.