Approved the SRM Institute of Science & Technology, Chennai has been approved for the purpose of Section 23C(iv) of the Income-tax Act, 1961 (43 of 1961)

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..... ication No. S.O. 3323 Dated 26th October, 2009. 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 SRM Institute of Science & Technology, No. 3, Veerasamy Street, West Mambalam, Chennai-600033 [PAN: AA-DTS 3688KKJ] is hereby approved for the purpose of the said sub-cla .....

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..... the third proviso to section 10(23C) of the Act. (iii) The trust shall get its accounts audited in accordance with the tenth proviso to section 10(23C) of the Act and regularly file its return along with the audit report in accordance with section 139(4C) of the Act. (iv) In the event of dissolution or winding up of the trust, its surplus and assets shall be given to an organization which exists .....

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