Research exemption approval recognises society's status subject to exclusive fund-use, separate accounting and reporting, and fixed validity period. Approval is granted to The Mother's Service Society, Pondicherry as an approved institution for research funding purposes under the specified provision of the Income tax Act, subject to conditions that funds collected under the exemption be utilised exclusively for promotion of social science research, that separate accounts be maintained for such funds, and that the Society submit an annual report and audited statement of accounts to the prescribed authority showing receipts and utilisation of the funds. The approval is valid for a three year period from April first 1981 to March thirty first 1984.
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Provisions expressly mentioned in the judgment/order text.
Research exemption approval recognises society's status subject to exclusive fund-use, separate accounting and reporting, and fixed validity period.
Approval is granted to The Mother's Service Society, Pondicherry as an approved institution for research funding purposes under the specified provision of the Income tax Act, subject to conditions that funds collected under the exemption be utilised exclusively for promotion of social science research, that separate accounts be maintained for such funds, and that the Society submit an annual report and audited statement of accounts to the prescribed authority showing receipts and utilisation of the funds. The approval is valid for a three year period from April first 1981 to March thirty first 1984.
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