TMI BlogApproved 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)X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 of 1961) Notification 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 approve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 of the Act , as required in clause (b) of 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 surp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the thirteenth proviso to section 10(23C) of the Act , if it is subsequently found that the income of the assessee trust is applied in contravention of para 2(i) supra, or its funds are invested or deposited in contravention of para 2(ii) supra, or its activities are not genuine, or if they are not being carried out in accordance with all or any of the conditions subject to which the approval ..... X X X X Extracts X X X X X X X X Extracts X X X X
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