https://www.taxtmi.com/notifications?id=12299 Notification under clause (23) of section 10 notifies the Himalayan Rally Association, Bombay as eligible for exemption for the assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated pursuant to the modified section 11 provisions for the association's objects; investments must be limited to forms specified in section 11(5) except permitted tangible voluntary contributions; income distributions to members are prohibited except as grants to affiliated bodies; business profits are excluded unless incidental to objectives and recorded in separate books. en-us Thu, 26 Dec 1991 00:00:00 +0530 Thu, 11 Sep 2008 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=12299 Notification under clause (23) of section 10 notifies the Himalayan Rally Association, Bombay as eligible for exemption for the assessment years 1991-92 to 1993-94 subject to conditions: income must be applied or accumulated pursuant to the modified section 11 provisions for the association's objects; investments must be limited to forms specified in section 11(5) except permitted tangible voluntary contributions; income distributions to members are prohibited except as grants to affiliated bodies; business profits are excluded unless incidental to objectives and recorded in separate books. Notifications Income Tax Thu, 26 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12299