Notification: S.O.2437
Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 12/6/1981
In continuation of this office Notification No. 2226 (F. No. 203/49/77–II) dated 23-3-1978, 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) The funds collected by the Jnana Probodhini under this exemption will be utilized exclusively for promotion of research in social science.
(ii) That the Jnana Probodhini shall maintain separate accounts of the funds collected by them under this exemption.
(iii) That the Jnana Probodhini shall send to the Council annual report and audited statements of accounts regularly showing the funds collected by them under this exemption and the manner in which the funds were utilized.
Institution
Jnana Probodhini, Pune.
This notification is effective for a period of three years from 1-1-1981 to 31-12-1983.
[No. 4024/F. No. 203/261/80–ITA.II]
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