Section(s) Referred: 35CCB
Statute: INCOME TAX
Date of Issue: 4/4/1984
It is hereby notified for general information that the institution/association mentioned below and its programme given hereunder has been approved by the Secretary, Department of Environment, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purpose of section 35CCB of the Income-tax Act, 1961 :
Name of the institution
Tata Chemicals Society for Rural Development, Mithapur.
2. Soil conservation.
3. Bird Sancturay, wild life preservation.
4. Conservation education programmes.
Both the approvals accorded by the prescribed authority, namely, (i) to the institution under sub-section (2), and (ii) to the programme under sub-section (1) of section 35CCB are valid for a period of three years commencing from 1-1-1984 subject to the following conditions :
(i) The Tata Chemical Society for Rural Development, Mithapur, Gujarat State, shall maintain a separate account of donations received by it for conservation activities.
(ii) The Society shall furnish progress reports of the conservation programmes to the prescribed authority for every financial year by 30th June, each year.
(iii) The Society shall submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.
(iv) The approval is subject to the continued satisfaction of the prescribed authority and may be withdrawn with retrospective effect, if considered necessary.
[No. 5741/F. No. 203/71/84-ITA. II]