Notifies the The Federation of Motors Sports Clubs of India, Madras u/s 10(23)

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..... Act, 1961 (43 of 1961), the Central Government hereby notifies the The Federation of Motors Sports Clubs of India, Madras, for the purpose of the said clause for the assessment years 1992-93 to 1994-95 subject to the following conditions, namely :-- ( i ) the assessee will apply its income, or accumulate it for application, in consonance with the provisions of sub-sections (2) and (3) of secti .....

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..... 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 account are maintained in respect of such business. [Notification No. 9084/F. No. 196/15/92-IT (A1)] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - .....

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