Section 10(23) of the Income-tax Act, 1961 notifies "Madhya Pradesh Cricket Association, Indore for the A.Y. 1999-2000 to 2001-2002

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..... 7-5-2005 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 "Madhya Pradesh Cricket Association, Indore" for the purpose of the said clause for the assessment years 1999-2000 to 2001-2002, subject to the following conditions, namely:- ( i ) the assessee will apply its income, or accumulate it f .....

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..... on 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 attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business. [F. No. 196/13/2004 ITA-I] - Notification Tax Management India - taxmanagementindia - .....

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