Tax exemption notification under Section 10(23C)(iv) designates a fund as eligible for tax treatment from the stated assessment year. The Central Government, exercising the power under the Income-tax Act exemption provision, notifies the Punjab Amalgamated Fund for the Welfare of Ex-servicemen as eligible for tax-exempt treatment under that provision, effective from the assessment year 1978-79.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption notification under Section 10(23C)(iv) designates a fund as eligible for tax treatment from the stated assessment year.
The Central Government, exercising the power under the Income-tax Act exemption provision, notifies the Punjab Amalgamated Fund for the Welfare of Ex-servicemen as eligible for tax-exempt treatment under that provision, effective from the assessment year 1978-79.
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