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of <h1>Haryana Cricket Association notified under Section 10(23) of Income-tax Act for specific assessment years; conditions apply.</h1> The Central Government has notified the Haryana Cricket Association, Bhiwani, under section 10(23) of the Income-tax Act, 1961, for the assessment years 1992-93 to 1994-95. The notification stipulates that the association must apply or accumulate its income exclusively for its established objectives, invest funds only in specified modes, and not distribute income to members except as grants to affiliated associations. Additionally, the notification does not apply to business income unless it is incidental to the association's objectives and separate accounts are maintained for such business.
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