Research funding exemption approved under section 35(1)(iii) subject to separate accounts and annual audited reports. Approval is granted to Ramakrishna Mission, Vivekananda College, Madras as an approved institution under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, by the Indian Council of Social Science Research. The approval permits collection of funds for promotion of social science research subject to three conditions: exclusive use for research, maintenance of separate accounts for the exempt funds, and submission of annual reports and audited statements to the Council detailing collection and utilization. The approval is time-limited from 1-4-1980 to 31-3-1983.
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Provisions expressly mentioned in the judgment/order text.
Research funding exemption approved under section 35(1)(iii) subject to separate accounts and annual audited reports.
Approval is granted to Ramakrishna Mission, Vivekananda College, Madras as an approved institution under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, by the Indian Council of Social Science Research. The approval permits collection of funds for promotion of social science research subject to three conditions: exclusive use for research, maintenance of separate accounts for the exempt funds, and submission of annual reports and audited statements to the Council detailing collection and utilization. The approval is time-limited from 1-4-1980 to 31-3-1983.
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