Exemption under section 35(1)(ii) approved for Baroda Citizens Council, subject to reporting and restricted use of funds. Approval of exemption under the Income-tax Act for Baroda Citizens Council is conditional on sending an annual report to the prescribed authority about funds collected and their utilisation, and on maintaining separate accounts for funds received under the exemption, with utilisation restricted to social research.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35(1)(ii) approved for Baroda Citizens Council, subject to reporting and restricted use of funds.
Approval of exemption under the Income-tax Act for Baroda Citizens Council is conditional on sending an annual report to the prescribed authority about funds collected and their utilisation, and on maintaining separate accounts for funds received under the exemption, with utilisation restricted to social research.
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