Notification: S.O.1036
Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 4/1/1978
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 :–
(i) That the Textiles Committee, Bombay, shall maintain separate accounts of the funds collected by them under the exemption.
(ii) That such funds shall be utilised exclusively for promotion of research in Social Sciences ; and
(iii) That the Textiles Committee, Bombay, shall send an annual report to the Indian Council of Social Science Research, New Delhi, Showing the funds collected under the exemption and the manner in which the funds were utilised.
Institution
The Textiles Committee, Bombay.
This notification takes effect from 1st December, 1977, to 30th November, 1980.
[No. 2104 (F. No. 203/169/77-ITA.II)
