Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 26/11/1977Online GST Certification Course by TaxGuru & MSME- Click here to Join
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, subject to the following conditions :—
(i) That the funds collected by the Sardar Patel Institute of Economic and Social Research, Ahmedabad, under this exemption will be utilised exclusively for promotion of research in social sciences.
(ii) That the Institute shall maintain separate accounts of the funds collected by them under the exemption.
(iii) That the Sardar Patel Institute of Economic and Social Research, Ahmedabad, shall send an annual report to the Indian Council of Social Science Research, New Delhi, showing the funds collected under the exemption and the manner in which the funds were utilised.
Sardar Patel Institute of Economic and Social Research, Ahmedabad.
This notification is effective with immediate effect.
[No. 2052/F. No. 203/65/77-ITA II