The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2006-2007 to 2008-2009 - 131/2006 - Income Tax

The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2006-2007 to 2008-2009 NOTIFICATION no. 131/2006, dated 6-6-2006 In exercise of powers conferred by the clause ( 22B ) of section 10 of the Income-tax Act, 1961 (43 of 1961), 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 2006-2007 to 2008-2009. 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. [F. No. 165/02/2006-ITA-I]