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of <h1>Government Notifies Bulsar District Cricket Association Under Section 10(23) for Tax Exemption in Assessment Years 1994-97.</h1> The Central Government, under clause (23) of section 10 of the Income-tax Act, 1961, notifies the Bulsar District Cricket Association, Gujarat, for the assessment years 1994-95 to 1996-97. The notification stipulates that the association must apply or accumulate its income exclusively for its established objectives, adhere to specified investment modes, refrain from distributing income to members except as grants to affiliated entities, and maintain separate accounts for any incidental business activities. This notification excludes income from business profits unless the business supports the association's objectives.
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