Notification: S.O.1596
Section(s) Referred: 35CCB
Statute: INCOME TAX
Date of Issue: 6/1/1987
It is hereby notified for general information that the institution/association mentioned below and its programme given hereunder has been approved by the Secretary, Department of Environment, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961 :
NAME OF THE INSTITUTION
” Forum for Action and Co-ordination of Environment, 95, Rashbehari Avenue, Calcutta-700 029. “
PROGRAMME
Improvement and maintenance of environmental conditions including creation and conservation of natural resources, recycling of bio-mass for value added products, etc.
Both the approval accorded by the prescribed authority, namely, (i) to the institution under sub-section (2) ; and (ii) to the programme under sub-section (1) of section 35CCB are valid for a period of three years with effect from 1-1-1986 to 30-11-1989, subject to the following conditions :—-
(i) The FACE, Calcutta, shall maintain a separate account of the donations received by it for conservation activities ;
(ii) The Organisation shall furnish progress reports of the conservation programmes to the prescribed authority for every financial year by 30th June, each year ;
(iii) The Organisation shall 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 sent to the concerned Commissioner of Income-tax ; and
(iv) The approval is subject to the continued satisfaction of the prescribed authority and may be withdrawn with retrospective effect, if considered necessary.
[No. 7088 (F. No. 203/284/86-ITA-II)]
