Exemption u/s (39) of the Income-tax Act, 1961 -- Specified income from any international sporting event - Income arising to Commonwealth Games Federation - 007/2008 - Income Tax

Exemption u/s 10(39) of the Income-tax Act, 1961 -- Specified income from any international sporting event - Income arising to Commonwealth Games Federation NOTIFICATION NO. 7/2008, DATED 15-1-2008 In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby notifies,— (a) the Commonwealth Games Federation, 2nd Floor, 138, Piccadily, London, W1J 7NR, United Kingdom as the person; (b) the Commonwealth Games 2010 to be held in India, as the international sporting event; (c) the income arising to Commonwealth Games Federation from Commonwealth Games 2010 on account of Host Fee, received or receivable from the Organising Committee Commonwealth Games 2010 Delhi, India amounting to £7.3 million GBP, as the specified income, for the purposes of the said clause.