Provisions relating to charitable or religious trusts/institutions and scientific research associations, etc.--Clarification regarding

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....t of charitable trusts/institutions and scientific research associations, etc., the then Minister of Finance in the last Budget Session of Parliament had made an announcement that the amendments made by the Direct Tax Laws (Amendment) Act, 1987, in the provisions of the Income-tax Act relating to the assessment of charitable trusts/institutions and scientific research associations, etc. will be reconsidered along with other provisions of the Direct Tax Laws (Amendment) Act, by introducing a new Direct Tax Laws (Amendment) Bill in the Monsoon Session of Parliament. 3. Because of the large number of representations that have been received relating to amendments made by the Direct Tax Laws (Amendment) Act, 1987, issues raised during discussio....

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....rusts/institutions. (ii) Sections 10(21), 10(23), 10(23C)(iv) and (v) relating to exemption of income available to scientific research associations, income of associations or institutions established with its objects to control, supervise and regulate the games of cricket, hockey, football etc., income of funds or institutions established for charitable purposes having importance throughout India or throughout any State or States and any charitable or religious trusts or institutions approved by the Central Government. (iii) Provisions of sections 11, 12, 12A and 13, relating to the assessment of charitable trusts/institutions. (iv) Sections 35, 35CCA and 35CCB relating to deductions from profits and gains of business on account of expen....