Notification: S.O.1738
Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 17/12/1981
In continuation of this Department’s Notification No. 1219 (F. No. 203/20/75–ITA. II) dated 4th February, 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 conditions :—
1. That such funds collected by the Society under this exemption shall be utilised exclusively for promotion of research in social science.
2. That the Society shall maintain separate accounts of the fund collected by them under this exemption.
3. That the Society shall send to the Council annual report and audited statement of accounts regularly showing the funds collected under this exemption and the manner in which these funds are utilised.
Institution
Centre for the Study of Developing Societies, Delhi.
This notification takes effect from 1st April, 1978, to 31st March, 1983.
[No. 4374 (F. No. 203/139/81–ITA. II)]
