The Central Government notifies the "Panjim Gymkhana, Panaji, Goa" for the purpose of clause (23) of section 10 of the Income-tax Act. 1961

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..... 40 of 2003, dt. 30th May, 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 "Panjim Gymkhana, Panaji, Goa" 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 for .....

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..... institution affiliated 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. 196/4/2003-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanag .....

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