News agency specification under section 10(22B) recognizes Press Trust of India as eligible for tax exemption for specified years. Central Government, exercising powers under clause (22B) of section 10 of the Income tax Act, 1961, specifies Press Trust of India Limited, Bombay, as a news agency set up in India solely for collection and distribution of news by Notification No. S.O.2332 dated 20 6 1996 for the assessment years 1997 98, 1998 99 and 1999 2000.
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Provisions expressly mentioned in the judgment/order text.
News agency specification under section 10(22B) recognizes Press Trust of India as eligible for tax exemption for specified years.
Central Government, exercising powers under clause (22B) of section 10 of the Income tax Act, 1961, specifies Press Trust of India Limited, Bombay, as a news agency set up in India solely for collection and distribution of news by Notification No. S.O.2332 dated 20 6 1996 for the assessment years 1997 98, 1998 99 and 1999 2000.
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