Exemption under Section 35(1)(ii): approval granted; institution must submit annual accounts of funds and utilisation. Approval is granted to The Jawaharlal Nehru Art & Crafts Centre, New Delhi for the purpose of claiming tax exemption under section 35(1)(ii) following endorsement by the prescribed authority. The institution must submit annually to the prescribed authority an account of funds collected and the manner of their utilisation, and the exemption applies for a specified effective period.
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Provisions expressly mentioned in the judgment/order text.
Exemption under Section 35(1)(ii): approval granted; institution must submit annual accounts of funds and utilisation.
Approval is granted to The Jawaharlal Nehru Art & Crafts Centre, New Delhi for the purpose of claiming tax exemption under section 35(1)(ii) following endorsement by the prescribed authority. The institution must submit annually to the prescribed authority an account of funds collected and the manner of their utilisation, and the exemption applies for a specified effective period.
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