Central Board of Direct Taxes approves Birla Education Trust, Calcutta u/s 10(23C)(vi) - S. O. 2273 - Income Tax

Central Board of Direct Taxes approves Birla Education Trust, Calcutta u/s 10(23C)(vi) NOTIFICATION NO. S. O. 2273 DATED 30-7-1999 In exercise of the powers conferred by sub-clause ( vi ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), read with rule 2CA of the Income-tax Rules, 1962, the Central Board of Direct Taxes hereby approves Birla Education Trust, Calcutta for the purpose of the said section for the assessment years 1999-2000 to 2001-2002. Provided that the trust conforms to and complies with the provisions of sub-clause ( vi ) of clause (23C) of section 10 of the Income-tax Act, 1961, read with rule 2CA of the Income-tax Rules, 1962. Provided further that the trust will ensure that before 31-3-2000 all the investments are as per the modes specified in sub-section (5) of section 11 of the Income-tax Act, 1961. [Notification No. 11020/F. No. 197/79-A/99-ITA-I]