Council Approves Bombay Stock Exchange Foundation as Authority u/s 35 of Income-tax Act, Correcting Prior Error.
The Stock Exchange Foundation, Bombay, has been approved by the Council of Scientific and Industrial Research as the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This notification, identified as S.O.4221, was issued on November 22, 1968. It corrects a previous notification, No. 3580 dated August 16, 1977, which incorrectly referred to clause (ii) instead of clause (iii).