Notification No.S.O.554 – Income Tax It is hereby notified for general information that consequent upon the change in the name of “Reghvendra Industrial Research Foundation”, Delhi, to “Punjab Research Institute” w.e.f. 28-8-1981, the name of the Institution in the Ministry of Finance
This notification contains Amendment to Income-tax (Eighth Amendment) Rules, 1985 carried out on 18th December, 1985 not reproduced here as it is already contained in the body of the rules itself.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
That the said Institute will not receive any sums to be used for social science research towards the activities of the Economic Research Division of Department of Science and Industrial Research, Delhi, and for any other non-research objectives. It will also not spend any sums received under section 35(1)(ii) towards the aforesaid activities.
That the said Institute will 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.
That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
It is hereby notified for information that the approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to the Indian Medical Research and Society, Bombay vide Ministry of Finance (Department of Revenue & Insurance) Notification No. 203 (F. No. 203/12/71-ITA. II) dated 1-7-1971, is hereby restricted up to 31-12-1985.
Notification No.S.O.5651- Income Tax In exercise of the powers conferred by clause (iiia) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies all the securities of the Central Government and a State Government, the interest on which is payable to any nationalised bank, that is to say, a corresponding new bank as defined in section 2 of the Banking Companies
That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
