Tax exemption approval granted to Indian Institute of Foreign Trade subject to accounting, exclusive research use and annual reporting. Approval is granted to the Indian Institute of Foreign Trade for the purposes of exemption under clause (iii) of sub-section (1) of section 35 on the following conditions: maintain separate accounts for funds collected under the exemption; utilize such funds exclusively for promotion of research in the social sciences; and send an annual report to the prescribed authority showing funds collected under the exemption and how they were utilized. The approval is effective from 1st April, 1975.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption approval granted to Indian Institute of Foreign Trade subject to accounting, exclusive research use and annual reporting.
Approval is granted to the Indian Institute of Foreign Trade for the purposes of exemption under clause (iii) of sub-section (1) of section 35 on the following conditions: maintain separate accounts for funds collected under the exemption; utilize such funds exclusively for promotion of research in the social sciences; and send an annual report to the prescribed authority showing funds collected under the exemption and how they were utilized. The approval is effective from 1st April, 1975.
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