In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Sadguru Seva Sangh Trust, Bombay for the purpose of the said sub-clause for the assessment year 1989-90.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Ramanasramam, Tiruvannamalai , for the purpose of the said sub-clause for the assessment year 1989-90.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Orthodox Syrian Church, Kottayam , for the purpose of the said sub-clause for the assessment years 1988-89 and 1989-90.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Nanak Jhira Saheb Foundation, Bidar, Karnataka, for the purpose of the said sub-clause for the assessment year 1989-90.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Jagadguru Sri Sankaracharya Swamigal Sri Matam Samsthanam, Kancheepuram for the purpose of the said sub-clause for the assessment year 1989-90.
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Rajasthan Police Personnel Welfare Trust, Jaipur for the purpose of the said sub-clause for the assessment year 1988-89 and 1989-90.
CIRCULAR NO. 549-Income Tax A new scheme relating to assessment of partnership firms has been introduced by the Direct Tax Laws (Amendment) Act, 1987 [hereinafter referred to as the DTL(A) Act, 1987] to be effective from 1-4-1989, i.e., from the assessment year 1989-90.
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Indira Gandhi National Centre for Art, New Delhi for the purpose of the said sub-clause for the assessment year 1989-90.
Circular: No. 548-Income Tax . Rules 11 and 12 of the Third Schedule to the Wealth-tax Act lay down the manner of computing the value of unquoted equity shares on the basis of the balance-sheet of a company. The Explanation to rule 11 provides that for purposes of this rule, “balance-sheet” in relation to any company will be the balance-sheet of such company as drawn up on the relevant valuation date and where there
It will submit to the (a) Director-General (Income-tax Exemptions), (b) Secretary, Department of Scientific and Industrial Research, and (c) Commissioner of Income-tax/Director of Income-tax (Exemptions) having jurisdiction over the organisation, by the 30th June, each year, a copy of its audited annual accounts showing its income and expenditure, and its assets and liabilities.
