Section 10(39) of the Income-tax Act, 1961 – Exemption – Specified income from any international sporting event – Notified person

NOTIFICATION NO. 7/2008, DATED 15-1-2008

In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies,—

(a) the Commonwealth Games Federation, 2nd Floor, 138, Piccadily, London, W1J 7NR, United Kingdom as the person;

(b) the Commonwealth Games 2010 to be held in India, as the international sporting event;

(c) the income arising to Commonwealth Games Federation from Commonwealth Games 2010 on account of Host Fee, received or receivable from the Organising Committee Commonwealth Games 2010 Delhi, India amounting to £7.3 million GBP, as the specified income,

for the purposes of the said clause.