The Central Government notifies the "Kodaikanal Boat Club, Kodaikanal" under clause (23C) of section 10 of the Income-tax Act, 1961

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..... February,2002 In exercise of the powers conferred by clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the "Kodaikanal Boat Club, Kodaikanal" for the purpose of the said clause for the assessment years 1993-94 to 1994-95 subject to the following conditions, namely:- (i)the assessee will apply its income, or accumulate for application, .....

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..... it; and (iv)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 the Govt. of India F.N0.196/10/2000-ITA-I - Notification Tax Management India - t .....

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