Tax exemption under section 10(23C)(iv) granted to MYRADA, subject to application, investment and business-incidence conditions.
Notification under section 10(23C)(iv) recognises Mysore Resettlement and Development Agency (MYRADA), Bangalore, for exemption for assessment years 1991-92 to 1993-94, conditional on the assessee applying or accumulating income solely for its objects, investing or depositing funds only in permitted modes (except voluntary contributions held in kind), and excluding profits from business unless business is incidental and maintained in separate books.

Income tax notification for educational trust mandates exclusive application of income and restricted permitted investments.
Notification grants tax recognition to Bharatiya Vidya Bhavan, Bombay under sub clause (iv) of clause (23C) of section 10 for specified assessment years, conditioned that income be applied or accumulated exclusively for the institution's objects; investments or deposits of funds are limited to modes specified in section 11(5) (excluding ordinary funds except permitted tangible forms for voluntary contributions); and business income is excluded unless incidental to the objects and accounted for in separate books.

Section 80L benefit for specified HMT bonds requires transferee to notify the company by registered post within sixty days.
The Central Government specifies the 7 year 13 per cent taxable secured redeemable non convertible ('A' Series) bonds issued by HMT Limited, Bangalore, as qualifying under section 80L, and conditions the admissibility of the benefit on the transferee informing the issuer by registered post within sixty days of transfer.

Tax exemption recognition under section 10(23C)(iv) granted subject to exclusive application of funds and restricted investments.
Notification under section 10(23C)(iv) recognises Sanjay Gandhi Memorial Trust for specified assessment years subject to conditions: the trust must apply or accumulate income wholly and exclusively to its objects; invest or deposit funds only in permitted forms except voluntary in-kind contributions; and the notification excludes business profits unless the business is incidental to the trust's objectives with separate books maintained.

Charitable institution recognition permits tax exemption if income is applied exclusively, investments limited, and business incidental.
Notification recognizes The NAB Lions Home for Aging Blind, Bombay under section 10(23C)(iv) for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments and deposits are restricted to permitted modes (with an exception for voluntary contributions retained as jewellery or furniture); and the notification does not cover business income unless the business is incidental to the objectives and separate books of account are maintained.

Specified bonds under section 80L carry tax benefit on transfer subject to a post-transfer notice requirement.
The Central Government specifies 7-year secured redeemable non-convertible bonds issued by the Tourism Finance Corporation of India Limited as qualifying for the tax concession under the Income-tax Act, and provides that the tax benefit on transfer of such bonds is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.

Constitution of National Committee for Promotion of Social and Economic Welfare; members appointed for three-year term to administer income-tax incentives.
Constitution of the National Committee for Promotion of Social and Economic Welfare by notification under the income-tax framework, prescribing a membership of multidisciplinary experts and official representatives appointed for a three-year tenure to oversee activities qualifying for specified tax incentives.