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of <h1>Durand Football Tournament Society Receives Tax Exemption for 2000-2003 Under Section 10(23) of Income Tax Act, 1961</h1> The Central Government has notified the Durand Football Tournament Society, New Delhi under section 10(23) of the Income Tax Act, 1961 for assessment years 2000-2001 to 2002-2003. The notification stipulates that the society must apply its income exclusively to its objectives, invest funds only in specified forms, maintain separate accounts for any incidental business, and file regular income tax returns. In case of dissolution, any surplus and assets must be transferred to a similar charitable organization.
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