United News of India, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2006-2007 to 2008-2009 - 130/2006 - Income Tax Act, 1961
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News agency status recognition under tax exemption: income must be applied to news collection and not distributed to members. Specification of United News of India as a news agency for the stated assessment years recognises it for income-tax exemption as an entity set up in India solely for collection and distribution of news. The notification conditions recognition on the agency applying or accumulating its income solely for collection and distribution of news and on not distributing its income to members.
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.
News agency status recognition under tax exemption: income must be applied to news collection and not distributed to members.
Specification of United News of India as a news agency for the stated assessment years recognises it for income-tax exemption as an entity set up in India solely for collection and distribution of news. The notification conditions recognition on the agency applying or accumulating its income solely for collection and distribution of news and on not distributing its income to members.
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