TMI BlogApproval to "Faith Ministry Society" under Sub-Clause (via) of Clause (23C) of Section 10 of the Income Tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... THE CHIEF COMMISSIONER OF INCOME TAX ORDER Guwahati, the 19th September, 2008 Approval to under Sub-Clause (via) of Clause (23C) of Section 10 of the Income Tax Act, 1961 S.O. 1531. - In exercise of the powers conferred on me by virtue of Notification No. S.O. 850(E) dated 30th May, 2007 of the Central Board of Direct Taxes, New Delhi with regard to sub-clause (via) of Clause ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s; 2. the Society shall not invest or deposit its funds (other than voluntary contributions received and maintained in the form of jewellery, furniture etc.) for any period during the previous years relevant to the assessment year mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of Section 11 of the Income Tax Act, 1961; 3. this approval ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to any of the beneficiaries of the Society or anybody specified in Section 13(3) of the Income Tax Act, 1961 ; 7. the approval granted to the Society shall be withdrawn if it is subsequently found that (a) the Socity 'has not (i) applied its income in accordance with the provisions contained in clause (a) of the third proviso of Section 10(23C) of the Income Tax Act, 1961 (ii) inve ..... X X X X Extracts X X X X X X X X Extracts X X X X
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