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<h1>Archery Association of India Gains Tax Exemption Status for 1992-95 Under Section 10(23) of Income-tax Act 1961.</h1> The Central Government has notified the Archery Association of India, New Delhi, under section 10(23) of the Income-tax Act, 1961, for the assessment years 1992-93 to 1994-95. The notification stipulates that the association must apply or accumulate its income exclusively for its established objectives, invest funds only in specified forms, and not distribute income to members except as grants to affiliated associations. Additionally, the notification excludes income from business activities unless the business is incidental to the association's objectives and separate accounts are maintained.