Central Government specifies the Press Trust of India Ltd., New Delhi as a news agency set up in India soley for collection and distribution of news u/s 10(22B) - S.O.1142 - Income Tax Act, 1961
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News agency recognition confirms Press Trust of India qualifies for statutory tax treatment for specified assessment years. Specification designates news agency status for Press Trust of India Ltd., New Delhi under the tax provision recognizing agencies established in India solely for collection and distribution of news; the Central Government specifies the entity for specified assessment years, identifying it as qualifying for the statutory treatment applicable to such agencies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
News agency recognition confirms Press Trust of India qualifies for statutory tax treatment for specified assessment years.
Specification designates news agency status for Press Trust of India Ltd., New Delhi under the tax provision recognizing agencies established in India solely for collection and distribution of news; the Central Government specifies the entity for specified assessment years, identifying it as qualifying for the statutory treatment applicable to such agencies.
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