Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 27/12/1980
It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions :—
1. That the funds collected by the Gandhi Shikshan Bhavan, Bombay, under this exemption will be utilised exclusively for promotion of research in social sciences.
2. That the Bhavan shall maintain separate accounts of the funds collected by them under the exemption.
3. That the Bhavan shall send an annual report to the ICSSR, New Delhi, showing the funds collected under the exemption and the manner in which the funds were utilized.
Gandhi Shikshan Bhavan, Bombay.
This notification is effective for a period of three years from 1st April, 1980, to 31st March, 1983.
[No. 3776 (F. No. 203/269/80-ITA-II)