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    <title>The Central Government notified the &quot;Punjab Kesari Club, Mumbai&quot; under clause (23C)(iv) of section 10 of the Income-tax Act, 1961</title>
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    <description>Notification under clause (23C)(iv) of section 10 authorizes Punjab Kesari Club, Mumbai for specified assessment years subject to conditions: income must be applied exclusively to its objects; investments restricted to forms permitted by section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); business income is excluded unless incidental and maintained in separate books; regular filing of returns is required; and on dissolution surplus and assets must go to a like charitable organisation.</description>
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    <pubDate>Wed, 29 May 2002 00:00:00 +0530</pubDate>
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