Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 30/11/1979
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 Bhartiya Bhasha Parishad, Calcutta, under this exemption will be utilized, exclusively for promotion of research in social science.
2. That the Parishad shall maintain separate accounts of the funds collected by them under the exemption.
3. That the Parishad shall send annual statement of accounts and annual report to the Indian Council of Social Science Research as well as to the concerned Commissioner of Income-tax, showing the funds collected by them under the exemption and the manner in which the funds was utilized.
Bhartiya Bhasha Parishad, Calcutta.
This notification is effective for a period of three years from 1st April, 1979, to 31st March, 1982.
[No. 3080 (F. No. 203/99/79-ITA. II)