Removal of exemption of news agency under clause (22B) of section 10

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..... hich is set up in India solely for collection and distribution of news. This is subject to condition that the news agency applies its income or accumulates it for application solely for collection and distribution of news and does not distribute its income in any manner to its members. 2. In accordance with the stated policy of the Government of phasing out of exemptions and deductions under th .....

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