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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 “Jawan’s Welfare Trust Maharashtra”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.
It is notified for general information that the approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to Electrical Research and Development Association, vide Ministry of Finance (Department of Revenue & Insurance) Notification No. 710 (F. No. 203/48/74-ITA. II) dated 26-8-1974, is hereby restricted up to 31-3-1984.
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 “Arulmigu Vellingiri Andavar Temple, Poondi”, for the purpose of the said section for the period covered by the assessment years 1983-84 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 “The Institute of the Franciscan Missionaries of Mary Society No. 9”, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1986-87.
Notification No.S.O.554 – Income Tax It is hereby notified for general information that consequent upon the change in the name of “Reghvendra Industrial Research Foundation”, Delhi, to “Punjab Research Institute” w.e.f. 28-8-1981, the name of the Institution in the Ministry of Finance
This notification contains Amendment to Income-tax (Eighth Amendment) Rules, 1985 carried out on 18th December, 1985 not reproduced here as it is already contained in the body of the rules itself.
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.
That the said Institute will not receive any sums to be used for social science research towards the activities of the Economic Research Division of Department of Science and Industrial Research, Delhi, and for any other non-research objectives. It will also not spend any sums received under section 35(1)(ii) towards the aforesaid activities.
That the said Institute 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 concerned Commissioner of Income-tax.
Circular No. 444-Income Tax Attention is invited to rule 67(2)(iv) [as stood before its substitution by the Third Amendment Rules, 1986 with effect from 1-4-1986] of the Income-tax Rules, 1962 which, inter alia, provided that the recognised provident, superannuation and gratuity funds can make investment in the Central Government Special Deposit Scheme up to an amount not exceeding 30 per cent of the investible moneys
