The Central Government notifies the "the Maharashtra State Basketball Association, Matunga, Mumbai" for the purpose of clause (23) of section 10 of the Income-tax Act. 1961

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..... of section 10 of the Income-tax Act. 1961 Notification No. S.O. 2531, dated 20th March, 2002 . In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Maharashtra State Basketball Association, Matunga, Mumbai, for the purpose of the said clause for the assessment year 1999-2000 subject to the f .....

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..... any part of its income in any manner to its members except as grants to any association 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 attainments of the objectives of the assessee and separate books of account are maintained in respect of such business. [Noti .....

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