Approval of Gujarmal Modi Science Foundation, Modinagar was effective from April 1, 1974, for unspecified time-limit. The prescribed authority on reconsideration, has decided that approval granted to the Foundation would be effective only up to March 31, 1986
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Approval under section 35(1)(ii) limited on reconsideration, restricting the Foundation's previously open-ended effective period by notification.
Approval under section 35(1)(ii) of the Income-tax Act, 1961 to the Gujarmal Modi Science Foundation, originally effective from April 1, 1974 for an unspecified period, has been restricted on reconsideration so that the approval is effective only up to March 31, 1986, as formalised by notification S.O.3967 dated June 17, 1985.