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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Notifies All India Football Federation Under Section 10(23) for Tax Exemption, Stipulates Income Use Conditions</h1> The Central Government, under clause (23) of section 10 of the Income-tax Act, 1961, notifies the All India Football Federation, Cannanore, for the assessment years 1993-94 to 1996-95. The notification stipulates that the federation must apply its income exclusively to its established objectives, avoid investing funds in non-approved forms, and refrain from distributing income to members except as grants to affiliated associations. Additionally, it specifies that the notification does not apply to business income unless the business supports the federation's objectives and maintains separate accounts.
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