Specification of sport archery under section 10(23) confirms tax recognition by the Central Government for the sport. The Central Government, exercising powers under clause (23) of section 10 of the Income-tax Act, specified archery as a recognised sport for the purposes of that clause by Notification S.O.1720 dated 14-6-1995, identifying archery among activities qualifying under the statutory exemption category.
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Specification of sport archery under section 10(23) confirms tax recognition by the Central Government for the sport.
The Central Government, exercising powers under clause (23) of section 10 of the Income-tax Act, specified archery as a recognised sport for the purposes of that clause by Notification S.O.1720 dated 14-6-1995, identifying archery among activities qualifying under the statutory exemption category.
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