https://www.taxtmi.com/circulars?id=4797 Section 10(23) grants tax exemption to associations or institutions for specified sports only if three cumulative conditions are met: application or accumulation of income solely to the entity's sporting objects; prohibition on distribution of income to members except as grants to affiliated bodies; and approval by the Central Government. Government approval alone does not satisfy the other two conditions, and audited accounts must be filed with the Income tax Officer to demonstrate compliance. en-us Wed, 17 Oct 1984 00:00:00 +0530 Sat, 02 Aug 2008 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4797 Section 10(23) grants tax exemption to associations or institutions for specified sports only if three cumulative conditions are met: application or accumulation of income solely to the entity's sporting objects; prohibition on distribution of income to members except as grants to affiliated bodies; and approval by the Central Government. Government approval alone does not satisfy the other two conditions, and audited accounts must be filed with the Income tax Officer to demonstrate compliance. Circulars Income Tax Wed, 17 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4797