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of <h1>Central Government Designates Press Trust of India as News Agency for Tax Purposes (2009-2012) Under Section 10(22B)</h1> The Central Government, under the powers granted by clause (22B) of Section 10 of the Income-tax Act, 1961, specifies 'The Press Trust of India Limited, New Delhi' as a news agency for the assessment years 2009-10 to 2011-12. This designation is for the purpose of collecting and distributing news. The notification mandates that the agency must use or accumulate its income solely for these purposes and prohibits the distribution of income to its members.
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