TMI BlogSection 10(23) of the Income-tax Act, 1961 notifies India Polo promotion Foundation, Mumbai for the A.Y. 2001-02 to 2002-03X X X X Extracts X X X X X X X X Extracts X X X X ..... In exercise of powers conferred by the clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies India Polo promotion Foundation, Mumbai for the purpose of the said clause for the assessment years 2001-02 to 2002-03 , subject to the following conditions, namely : ( i ) the assessee will apply its income, or accumulate it for application, in c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated to it; and ( iv ) 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. [F. NO. 196/6/2005-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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