India - Income Tax Act 2010 - Saarc

S. 10(23) I.T. ACT, 1961 1.72(iv) the activities of the 6a [scientific research association] are notbeing carried out in accordance with all or any of the conditionssubject to which such association was approved,it may, at any time after giving a reasonable opportunity of showingcause against the proposed withdrawal to the concerned association,by order, withdraw the approval and forward a copy of the orderwithdrawing the approval to such association and to the AssessingOfficer;](22) 7 [Omitted by the Finance (No. 2) Act, 1998, w.e.f. 1-4-1999;](22A) 8 [Omitted by the Finance (No. 2) Act, 1998, w.e.f. 1-4-1999;]9[(22B) any income of such news agency set up in India solely for collectionand distribution of news as the Central Government may, by notification10 in the Official Gazette, specify in this behalf:Provided that the news agency applies its income or accumulates itfor application solely for collection and distribution of news and doesnot distribute its income in any manner to its members:Provided further that any notification issued by the Central Governmentunder this clause shall, at any one time, have effect for suchassessment year or years, not exceeding three assessment years(including an assessment year or years commencing before the dateon which such notification is issued) as may be specified in thenotification:]11[Provided also that where the news agency has been specified, bynotification, by the Central Government and subsequently thatGovernment is satisfied that such news agency has not applied oraccumulated or distributed its income in accordance with theprovisions contained in the first proviso, it may, at any time aftergiving a reasonable opportunity of showing cause, rescind thenotification and forward a copy of the order rescinding the notificationto such agency and to the Assessing Officer;](23) 12 [Omitted by the Finance Act, 2002, w.e.f. 1-4-2003;]6a. Words “research association” shall be substituted for “scientific research association” bythe Finance Act, 2010, w.e.f. 1-4-2011.7. Clauses (22) and (22A) are now re-enacted in section 10(23C).8. Prior to its omission, clause (22A) was inserted by the Finance Act, 1970, w.e.f. 1-4-1970.9. Inserted by the Finance Act, 1994, w.e.f. 1-4-1994.10. For notified news agencies, see Taxmann’s Master Guide to Income-tax Act.11. Inserted by the Finance Act, 2002, w.e.f. 1-4-2003.12. Prior to its omission, clause (23), as amended by the Direct Tax Laws (Amendment) Act,1987, w.e.f. 1-4-1989, Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989, substitutedby the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1990 and further amended bythe Finance (No. 2) Act, 1991, w.r.e.f. 1-4-1990, Finance Act, 1992, w.r.e.f. 1-4-1990/w.e.f.1-4-1992 and Finance Act, 2000, w.e.f. 1-4-2001, read as under :‘(23) any income of an association or institution established in India which may benotified by the Central Government in the Official Gazette having regard to the factthat the association or institution has as its object the control, supervision,regulation or encouragement in India of the games of cricket, hockey, football,tennis or such other games or sports as the Central Government may, by notificationin the Official Gazette, specify in this behalf :(Contd. on p. 1.73)