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

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..... . 1961 NOTIFICATION NO. 397 Dated 19th December. 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 "Railway Sports Promotion Board, New Delhi" for the purpose of the said clause for the assessment year 1999-2000 to 2001-2002 subject to the following conditions, namely:- (i) the .....

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..... ts 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 accounts are maintained in respect of such business. Sd/- (I.P.S. Bindra) Under Secretary to .....

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