Approval of an institution under section 35 of the Income-tax Act, 1961
Notification No. 1584 was published on 11 April 1978. Its subject is Approval of an institution under section 35 of the Income-tax Act, 1961.
This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.
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) The funds collected by the Kalakshetra, Madras, 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 institute 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.
Institution
Kalakshetra, Madras.
This notification is effective for a period of 3 years from 1-4-78 to 31-3-1981.
[No. 2261 (F. No. 203/154/77-ITA. II)
Source: the Income Tax Department’s own published text — its page for this instrument.