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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Recognizes Oil Co-ordination Committee's Pool Accounts for Tax Purposes Under Section 10(23C)(iv) of Income-tax Act.</h1> The Central Government, under the powers granted by section 10(23C)(iv) of the Income-tax Act, 1961, has issued a notification dated June 7, 1989, regarding the 'Oil Co-ordination Committee on Pool Accounts.' This notification specifies the recognition of various accounts for tax purposes for the assessment year 1989-90. The accounts include the Freight Surcharge Pool Account No. 1, C and F Adjustment Account, Product Price Adjustment Account, and Crude Oil Price Equalisation Account.
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