Approval of an institution under section 35 of the Income-tax Act, 1961
Notification No. 929 was published on 3 December 1981. 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). 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.
Institution
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
Source: the Income Tax Department’s own published text — its page for this instrument.