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of <h1>Karnataka State Bridge Association Gains Notification for Tax Exemption Under Section 10 for 1997-2000, Subject to Conditions.</h1> The Central Government, under section 10 of the Income-tax Act, 1961, has notified the Karnataka State Bridge Association, Bangalore, for the assessment years 1997-98 to 1999-2000. The notification is subject to conditions: the association must apply its income exclusively to its objectives, invest funds only as specified in section 11(5), ensure business profits are incidental to its objectives with separate accounts, file regular income tax returns, and, upon dissolution, transfer surplus assets to a similar charitable organization.
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