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It is hereby notified for general information that the approval granted to the Indian School of Political Economy, Pune, under section 35(1)(iii) of the Income-tax Act, 1961, on perpetual basis, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 861 (F. No. 203/23/75-ITA. II) dated 26-3-1975, is hereby converted into time bound approval valid up to 31-3-1988.
That the said Institute will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.