Exemption specification for news agencies confirms tax-exempt recognition for a designated agency during specified assessment years. Central Government specifies the Press Trust of India Limited as a news agency for purposes of the Income-tax Act, treating it as established in India solely for collection and distribution of news; the specification is effected by notification under the Act and is limited to the assessment years stated in the notification.
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.
Exemption specification for news agencies confirms tax-exempt recognition for a designated agency during specified assessment years.
Central Government specifies the Press Trust of India Limited as a news agency for purposes of the Income-tax Act, treating it as established in India solely for collection and distribution of news; the specification is effected by notification under the Act and is limited to the assessment years stated in the notification.
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