Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>National Rifle Association of India notified under section 10(23) of Income-tax Act; must comply with section 11 provisions.</h1> The Central Government has notified the National Rifle Association of India, New Delhi, under clause (23) of section 10 of the Income-tax Act, 1961, applicable for the assessment years 1994-95 to 1996-97. The notification stipulates that the association must apply its income in line with section 11 provisions, avoid investing funds in unauthorized forms, and refrain from distributing income to members except as grants to affiliated associations. Furthermore, any business income must be incidental to the association's objectives, with separate accounts maintained.
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