Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 19/8/1981
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, on the following conditions :—
1. That the funds collected by the Vivekananda Nidhi under this exemption will be utilised exclusively for promotion of research in social science.
2. That the Nidhi shall maintain separate accounts of funds so collected by them under this exemption ; and
3. That the Nidhi shall send to the Council an annual report and audited statement of accounts regularly showing the funds collected under the exemption and the manner in which the funds were utilized.
Vivekananda Nidhi, Calcutta.
This notification is effective for a period of three years from the date of issue of this notification.
[No. 4169/F. No. 203/61/81-ITA.II]