Specifies the "The Press Trust of India Limited, New Delhi" - S.O. No. 23 - Income Tax

Specifies the The Press Trust of India Limited, New Delhi MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi , the 5th March, 2009 (Income-tax) S.O. 618(E). - In exercise of the powers conferred by the clause (22B) of Section 10 of the Income-tax Act, 1961 (43 of1961), the Central Government hereby specifies the The Press Trust of India Limited, New Delhi as a news agency set up in India solely for collection and distribution of news, for the purposes of the said clause for the assessment year 2009-10 to 2011-12. 2. The notification is subject to the condition that the news agency applies its income or accumulates it for application solely for collection and distribution of news and does not distribute its income in any manner to its members. [Noti. No. 23/09/F. No.165/01/2008-ITAI] PADAM SNGH Under Secy.