The Central Government notifies the "AITA Trust, New Delhi" for the purpose of clause (23) of section 10 of the Income-tax Act. 1961

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..... 17th April, 2003 In exercise of powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies "AITA Trust, New Delhi" for the purpose of the said clause for the assessment years 20012002 to 2002-2003 subject to the following conditions, namely: ( i ) the assessee will apply its income, or accumulate it for application, in co .....

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..... iliated to it; and ( iv ) the 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. 196/22/2002-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxman .....

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