Approval of an institution under section 35 of the Income-tax Act, 1961
Notification No. 3393 was published on 29 October 1980. 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 purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions :--
1. That the funds collected by the Centre for Organisation Development under this exemption will be utilized, exclusively for promotion of research in Social Science ;
2. That the Centre for Organisation Development shall maintain separate accounts of the funds collected by them under the exemption.
3. That the Centre for Organisation Development shall send an annual statement of accounts and annual report to the I.C.S.S.R. as well as to the concerned Commissioner of Income-tax, showing the funds collected by them under this exemption and the manner in which funds were utilised.
Institution
Centre for Organisation Development, Hyderabad.
This notification is effective for a period of three years from 1st September, 1980, to 31st August, 1983.
[No. 3712/F. No. 203/135/80-ITA. II
Source: the Income Tax Department’s own published text — its page for this instrument.