Notification No.
04 /2014, [F.No.196/80/2012-ITA.I], dated 10.01.2014
S.O.78 (E). - In exercise of
the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43
of 1961), the Central Government hereby notifies for the purposes of the said
clause, the Orissa State AIDS Control Society, a body constituted by the
Government of Orissa in respect of the following specified income arising to
that Society, namely:—
(a) amount received
in the form of grants-in-aid from the Central Government;
(b) interest earned
on grants-in-aid.
2. This notification shall be deemed to
have been applied for the financial years 2011-2012 and 2012-2013 and shall be
applicable for the financial years 2013-2014, 2014-2015 and 2015-2016.
3. The notification shall be effective
subject to the following conditions, namely:—
(a) the Orissa
State AIDS Control Society does not engage in any commercial activity;
(b) the activities
and the nature of the specified income of the Orissa State AIDS Control Society
remain unchanged throughout the financial year; and
(c) the Orissa
State AIDS Control Society files return of income in accordance with the
provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act,
1961.
4. The grants received by the said Society
shall be received and applied in accordance with the prevailing rules and
regulations.
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