Section(s) Referred: r. 6AAC ,s. 35CCB
Statute: INCOME TAX
Date of Issue: 19/10/2000
It is notified for general information that the institution/association mentioned below and its programme given hereunder have been approved by the Secretary, Ministry of Environment and Forests, 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/association : Green Ray Foundation, P-6, Calanguti Road, Portais Vaddo, Verem, Goa-403 114.
(i) Afforestation of severely denuded stretch of 3.5 ha. of land acquired by Green Ray Foundation.
(ii) Recovery of the above wasteland with plant species of local suitability taking into account the soil conditions.
(iii) Development and demonstration of strategies for a better management of natural resources.
(iv) Formation of Earthen Dam/Lake for water conservation and establishing wind mill.
2. Both the approvals accorded by the prescribed authority, namely, (i) to the institution/association under sub-section (2) of section 35CCB, and (ii) to the programmes under sub-section (1) of section 35CCB are valid for the period from 1-4-2000 to 31-3-2001 subject to the following conditions :
(i) Green Ray Foundation shall maintain a separate account of the donations received by it for conservation activities.
(ii) Green Ray Foundation shall furnish progress report of the conservation programmes to the prescribed authority for the financial year 2000-2001 by 30th June, 2001.
(iii) Green Ray Foundation shall submit to the prescribed authority by 30th June, 2001, annual account showing total income and liabilities and a copy of these documents sent to the concerned Commissioner of Income-tax.
(iv) The approval is subject to the continued satisfaction of the prescribed authority and may be withdrawn with retrospective effect.
[Notification No. 11539/F. No. 203/36/97-ITA.II]