280 : Notification: S.O. 280 Date of Issue: 28/1/1998

Notification: S.O. 280 Date of Issue: 28/1/1998

Notification: S.O. 280

Section(s) Referred: 35CCB

Statute: INCOME TAX

Date of Issue: 28/1/1998

It is notified for general information that the Institution/Association mentioned below and its programme given hereunder have been approved by the Secretary, Ministry of Environment and Forests, Government of India, New Delhi, being, the prescribed authority under the rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961.

NAME OF THE INSTITUTION/Association

Green Ray Foundation, P-6, Calanguti Road, Portais Vaddo, Verem-Goa-403 114.

PROGRAMME

(i) Afforesation of severely denuded stretch of 3.5 Ha. of land acquired by Green Ray Foundation.

(ii) Recovery of the above wasteland with plant species of local suitability taking into the account the soil conditions.

(iii) Development and demonstration of strategies for a better management of natural resources.

(iv) Formation of Earthen Dam/Lake for water conservation and establishing wind-mill.

2. Both the approvals accorded by the prescribed authority, namely, (i) to the Institution/Association under sub-section (2) of section 35CCB and (ii) to the programmes under sub-section (1) of section 35CCB are valid for a period of three years with effect from April 1, 1997, to March 31, 2000, subject to the following conditions :

1. Green Ray Foundation, P-6, Calanguti Road, Portais Vaddo, Verem-Goa---403 114 shall maintain a separate account of the donations received by it for conservation activities.

2. Green Ray Foundation, P-6, Calanguti Road, Portais, Vaddo, Verem-Goa---403 114 shall furnish progress report of the conservation programmes to the prescribed authority for every financial year by June 30, every year.

3. Green Ray Foundation, P-6, Calanguti Road, Portais Vaddo, Verem-Goa---403 114 shall submit to the prescribed authority by June 30, annual account showing total income and liabilities and a copy of each of these documents sent to the concerned Commissioner of Income-tax.

4. Green Ray Foundation, P-6, Calanguti Road, Portais Vaddo, Verem-Goa---403 114 the approval is subject to the continued satisfaction of the prescribed authority and may be withdrawn with retrospective effect, if considered necessary.

[Notification No. 10521/F. No. 203/36/97-ITA.II