Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 3/12/1981
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 such funds collected by the Institute under this exemption shall be utilised exclusively for promotion of research in Social Sciences.
(ii). That the Institute shall maintain a separate account of the funds collected by them under this exemption.
(iii). That the Institute shall send to the Council annual report and audited statement of accounts regularly showing the funds collected under this exemption and the manner in which these funds are utilized.
Giri Institute of Development Studies, Lucknow.
This notification is effective for a period of five years from 1-4-1980 to 31-3-1985.
[No. 4361/F. No. 203/141/81-ITA. II