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    <title>The Central Government notifies the &quot;Panjim Gymkhana, Panaji, Goa&quot; for the purpose of clause (23) of section 10 of the Income-tax Act. 1961</title>
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    <description>Notification designates Panjim Gymkhana as eligible under clause (23) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated exclusively for the assessee&#039;s objects in accordance with the modified application/accumulation rules; investments are limited to permitted modes except certain voluntary contributions maintained in notified forms; income distribution to members is prohibited except grants to affiliated bodies; and business income is excluded unless incidental and separately accounted.</description>
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      <description>Notification designates Panjim Gymkhana as eligible under clause (23) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated exclusively for the assessee&#039;s objects in accordance with the modified application/accumulation rules; investments are limited to permitted modes except certain voluntary contributions maintained in notified forms; income distribution to members is prohibited except grants to affiliated bodies; and business income is excluded unless incidental and separately accounted.</description>
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