Section(s) Referred: 35, 35(1), 35(1)(ii)
Statute: INCOME TAX
Date of Issue: 17/6/1985
It is hereby notified for general information that the approval under section 35(1)(ii) of the Income-tax Act, 1961, to the Gujarmal Modi Science Foundation, Modinagar, was accorded, vide Ministry of Finance (Department of Revenue & Insurance’s) Notification No. 649 (F. No. 203/27/74–ITA. II) dated June 20, 1974, read with Ministry of Finance (Department of Revenue’s) Notification No. 2083 (F. No. 203/170/77–ITA. II) dated December 22, 1977. The approval was effective from April 1, 1974, for unspecified time-limit. The prescribed authority on reconsideration, has decided that approval granted to the Foundation, vide Ministry of Finance, Notification No. 649 (F. No. 203/27/74–ITA. II) dated June 20, 1974, would be effective only up to March 31, 1986.
[No. 6268/F. No. 203/101/85–ITA. II].