Notification: S.O.1017
Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 20/1/1976
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 three conditions :—
(1) That the Indian Institute of Foreign Trade shall maintain separate accounts of the funds collected by them under the exemption ;
(2) That such funds shall be utilized exclusively for promotion of research in social sciences ; and
(3) That the institute shall send an Anuual Report to the Indian Council of Social Science Research showing the funds collected under the exemption and the manner in which the funds were utilized.
Institution
Indian Institute of Foreign Trade, New Delhi.
This notification will be effective from 1st April, 1975
