Notifies the India International Centre, New Delhi u/s 10(23C)(iv) - 11205 - Income Tax

Notifies the India International Centre, New Delhi u/s 10(23C)(iv) NOTIFICATION NO. 11205 DATED 7-1-2000 In exercise of the powers conferred by sub-clause ( iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the India International Centre, New Delhi, for the purpose of the said sub-clause for the assessment years 2000-2001 to 2002-2003 subject to the following conditions, namely : ( i ) the assessee will apply its income, or accumulate for application, wholly and exclusively to the objects for which it is established ; ( ii ) the assessee will not invest or deposit its funds (other than voluntary contributions received and maintained in the form of jewellery, furniture, etc.) for any period during the previous years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of section 11; ( iii ) this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business ; ( iv ) The assessee will file regularly its returns of income before the Income-tax authority in accordance with the provisions of Income-tax Act, 1961. [F. No. 197/88/99-ITA-I]