Approved Latur and Ormanabad District Mathadi and Unprotected Labour Board, Latur u/s 10(23C)(vi)

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....nferred by sub-clause (vi) of clause (23C) of Section 10 of the Income-tax Act, 1961 (43 of 1961), I, Chief Commissioner of Income Tax , Nashik hereby notifies that any income received by any person on behalf of Latur and Ormanabad District Mathadi and Unprotected Labour Board, Latur (hereinafter the "Board") shall not be included in the total income of such person subject to the following conditi....

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....fits and gains of business, unless the business is incidental to the attainment of the objectives of the Board and separate books of account are maintained in respect of such business; (d) the Board will regularly file its return of income before the Income-tax authority in accordance with the provisions of the Income Tax Act, 1961; (e) that in the event of dissolution of the Board, its surplus ....