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[email protected] Ref. No. ..................................... Date .............................. FORM NO. 10 B [See rule 17B] AUDITOR REPORT UNDER SECTION 12A (b) OF THE INCOME TAX ACT, 1961 IN THE CASE OF INDIAN OLYMPIC ASSOCIATION, B-29, QUTAB INSTITUTIONAL AREA, NEW DELHI-110 016. We have examined the Balance Sheet of INDIAN OLYMPIC ASSOCIATION, B-29, QUTAB INSTITUTIONAL AREA, NEW DELHI-110016, as at 31st March 2011 and the Income & Expenditure Account for the year ended on that date which are in agreement with the books of account maintained by the said Association. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of the audit. In our opinion, proper books of account have been kept by the above named Association visited by us so far as appears from our examination of the books. In our opinion and to the best of our information, and according to information given to us, the said accounts give a true and fair view:- 1. In the case of the balance sheet, of the state of affairs of the above named Association as at 31st March 2011. 2. In case of the Income & Expenditures Account, of the surplus for the accounting year ending on 31st March 2011. The prescribed particulars are annexed hereto.