Tax exemption notification for National Welfare Fund for Sportspersons confirms administrative recognition and eligibility under income tax rules. The Central Government, exercising powers under clause (iv) of sub section (23C) of section 10 of the Income tax Act, notified the National Welfare Fund for Sportspersons as eligible for the tax exemption under that clause for the assessment years specified in the notification, thereby administratively recognizing the Fund for income tax purposes.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption notification for National Welfare Fund for Sportspersons confirms administrative recognition and eligibility under income tax rules.
The Central Government, exercising powers under clause (iv) of sub section (23C) of section 10 of the Income tax Act, notified the National Welfare Fund for Sportspersons as eligible for the tax exemption under that clause for the assessment years specified in the notification, thereby administratively recognizing the Fund for income tax purposes.
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