Notification No.S.O.3231- Income Tax In exercise of the powers conferred by clause (i) of the Explanation to section 10A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specify the following free trade zones for the purpose of the said section for the assessment years commencing on or after the 1st day of April, 1988
That the said Association will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, New Delhi, and the concerned Commissioner of Income-tax.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies T.V.S. Charities, Madurai for the purpose of the said clause for the assessment years 1986-87 and 1988-89.
