Exemption of specified income arising from any international sporting event in India [Section 10(39)] :
(i) This clause exempts income of the nature and to the extent, arising from any international sporting event in India, to the person or persons notified by the Central
Government in the Official Gazette.

(ii) Such international sporting event should –

(1) be approved by the international body regulating the international sport relating to such event;

(2) have participation by more than two countries;

(3) be notified by the Central Government in the Official Gazette for the purposes of this clause.

(iii) Accordingly, in exercise of the powers conferred by section 10(39), the Central Government has notified the following for the purposes of exemption under section 10(39):

(a) the Commonwealth Games Federation, London, United Kingdom as the person;

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

(c) the income arising to Commonwealth Games Federation from Commonweal th 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.