Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 29/10/1980
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 purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions :–
1. That the funds collected by the Centre for Organisation Development under this exemption will be utilized, exclusively for promotion of research in Social Science ;
2. That the Centre for Organisation Development shall maintain separate accounts of the funds collected by them under the exemption.
3. That the Centre for Organisation Development shall send an annual statement of accounts and annual report to the I.C.S.S.R. as well as to the concerned Commissioner of Income-tax, showing the funds collected by them under this exemption and the manner in which funds were utilised.
Centre for Organisation Development, Hyderabad.
This notification is effective for a period of three years from 1st September, 1980, to 31st August, 1983.
[No. 3712/F. No. 203/135/80-ITA. II