It is hereby notified for general information that the approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to the Bhartiya Krishi Udyog Pratisthan (Bhartiya Agro-Industries Foundation), Uruli-Kanchan, District Poona, vide Ministry of Finance (Department of Revenue and Insurance), Notification Nos. 123 (F. No. 11/15/69-ITA.II) dated 23-9-1969 and 88 (F. No. 11/15/69-ITA.II) dated 23-3-1971, is hereby superseded and is made valid only up to 31-3-1987.
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 “Calcutta Zoroastrian Stree Mandal” for the purpose of the said section for the assessment years 1985-86 to 1987-88.
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 “Srirangam Srimad Andavan Periasramam, Srirangam” for the purpose of the said section for the assessment years 1985-86 to 1987-88.
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 “Sechasanvasi Sri Akashar Purushottam Sanstha Trust” for the purpose of the said section for the assessment years 1987-88 to 1989-90.
In continuation of this Office Notification No. 6282 (F. No. 203/230/84-ITA.II) dated 21-6-1985, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Scientific and Industrial Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961.
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 “Shree Jayarambhai Dayabhai Chauhan (Bytco) Charitable Trust” for the purpose of the said section for the assessment years 1985-86 to 1986-87.
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 “R.C. Diocese of Palayamkottai” for the purpose of the said section for the assessment year 1983-84.
Circular : No. 463-Income Tax Section 80HHC, as substituted by the Finance Act, 1985, provides that an assessee, being an Indian company or a person (other than a company) who is resident in India, exports out of India during the previous year any goods or merchandise to which this section applies, will be allowed [deduction of an amount
Circular: No. 462-Income Tax I am directed to invite a reference to this Department’s Circular No. 426 [F. No. 275/32/85-IT(B)], dated 24-7-1985 wherein the rates at which the deduction of income-tax was to be made during the financial year 1985-86 from payments of income by way of insurance commission under section 194D were intimated.
This notification contains Amendment to Income-tax (Fourth Amendment) Rules, 1986 carried out on July 9, 1986 not reproduced here as it is already contained in the body of the Rules itself.
