679 : Notification: S.O.679 Date of Issue: 26/11/1977

Notification: S.O.679 Date of Issue: 26/11/1977

Notification: S.O.679

Section(s) Referred: 35 ,35(1) ,35(1)(iii)

Statute: INCOME TAX

Date of Issue: 26/11/1977

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 :---

(1) That the funds collected by the Vivekananda College, Madras, under this exemption will be utilised exclusively for promotion of research in Social Sciences.

(2) That the Vivekananda College shall maintain separate accounts of the funds collected by them under the exemption.

(3) That the Vivekananda College, Madras, 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 Vivekananda College, Mylapore, Madras.

This notification is effective for a period of 3 years from 1-4-77 to 31-3-1980.

[No. 2053/F. No. 203/121/77-ITA II