Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 27/3/1979
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. The funds collected by the Institute under this exemption will be utilised exclusively for promotion of research in social sciences.
2. The Institute shall maintain separate accounts of the funds collected by them under the exemption.
3. That the Institute will 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.
India Foundation, New Delhi.
This notification is effective for a period of three years from 1-4-1979 to 31-3-1982.
[No. 2755(F. No. 203/141/78-ITA-II)