TMI BlogThe Central Government notifies the "Railway Sports promotion Board, New Delhi" under clause (23) of section 10 of the Income-tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... 32 Dated 7th February. 2002 In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the "Railway Sports promotion Board, New Delhi" for the purpose of the said clause for the assessment years 1997-98 and 1998-99 subject to the following conditions namely: - (i) the assessee will apply its income, or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssociation or institution affiliated 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 attainments of the objectives of the assessee and separate books of accounts are maintained in respect of such business. Sd/- (I.P.S. Bindra) Under Secretary to the Govt. of India F.N0.196/15/2001- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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