Tax exemption under clause (23) of section 10 granted to federation, subject to income application, investment and distribution conditions. Notifies The Billiards and Snooker Federation of India, Calcutta, as eligible under clause (23) of section 10 for assessment years 1990 91 to 1992 93 subject to conditions: apply or accumulate income in conformity with section 11(2) and (3) for its objects; restrict investments to forms allowed by section 11(5) or specified in kind; prohibit distribution of income to members except grants to affiliated bodies; and exclude business income unless incidental with separate books maintained.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under clause (23) of section 10 granted to federation, subject to income application, investment and distribution conditions.
Notifies The Billiards and Snooker Federation of India, Calcutta, as eligible under clause (23) of section 10 for assessment years 1990 91 to 1992 93 subject to conditions: apply or accumulate income in conformity with section 11(2) and (3) for its objects; restrict investments to forms allowed by section 11(5) or specified in kind; prohibit distribution of income to members except grants to affiliated bodies; and exclude business income unless incidental with separate books maintained.
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