Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 29/9/1980
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 Kishore Bharati, under this exemption will be utilised exclusively for promotion of research in social sciences ;
2. That the Kishore Bharati shall maintain separate accounts of the funds so collected by them under this exemption ; and
3. That the Kishore Bharati shall send an annual report and audited statement of accounts, regularly to the Indian Council of Social Science Research, New Delhi, showing the funds collected under this exemption and the manner in which these funds are utilised.
The Kishore Bharati, Distt. Hoshangabad (M.P.)
This notification is effective for a period of three years from 1st April, 1979, to 31st March, 1982.
[No. 3675/F. No. 203/147/80-ITA.II