Approved The Salem Diocese Society, Bishop's House, Post Box No. 703, Maravaneri,Salem - u/s 10(23C)(vi)

OFFICE OF THE CHIEF COMMISSIONER OF INCOME-TAX

Trichy, the 12^th February, 2009

Approval Under Section 10 (23C) (V) of the Income-Tax Act, 1961

S.O. 783.- In exercise of the powers conferred by sub-clause (v) of clause (23C) of Section 10 of the Income-tax Act, 1961 (43 of1961) read with rule 2CA of the Income-tax Rules, 1962, The Salem Diocese Society, Bishop's House, Post Box No. 703, Maravaneri,Salem-636 007 is hereby approved for the purposes of the said sub-clause from the assessment year 2009-2010 onwards, subject to the following conditions:

2. (i) The society shall conform to and comply with the provisions of sub-clause (v) of clause (23C) of Section 10 of the Income-Tax Act, 1961 read with rule 2C of the Income-tax Rules, 1962.

(ii) The society shall apply its income or accumulate its income for application wholly and exclusively to the objects for which it is established and in a case where more than fifteen percent of its income is accumulated on or after 14-2002, the period of accumulation of the same shall in no case exceed five years, as required in clause (a) of the third proviso to Section 10 (23C) of the Act.

(iii) The society shall not invest or deposit its funds (other than voluntary contributions received and maintained in the form of jewellery or furniture) for any period otherwise than in anyone or more of the forms or modes specified in sub-section (5) of Section 11 of the Act, as required in clause (b) of the third proviso to Section 10(23C) of the Act.

(iv) This approval shall not apply in relation to any income from any activity in the nature of trade, commerce or business or rendering of any service in relation to trade, commerce or business irrespective of the nature of use or application or retention of income from such activity.

(v) The society 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.

(vi) In the event of dissolution of the society, its surplus and assets shall be given to an organization which exists solely for public religious and charitable purposes and not for purposes of profit and no part of the same shall go directly or indirectly to any of the beneficiaries of the assessee or any body specified in Section 13(3) of the Act.

(vii) The approval shall not apply in relation to anonymous donations in terms of the fifteenth proviso to Section 10(23C) r.w.s. 115BBC of the Act.

(viii) As and when there is a move to amtend or alter the rules, regulation and by-laws of the society in accordance with by-law 23, prior approval of the undersigned may be obtained by forwarding the draft of the proposed bylaws and no such amendment may he effected until and unless the approval is accorded. Any such amendment without prior approval will suo-moto render the approval as void.

3. The above approval is liable to be withdrawn by the undersigned, if it is subsequently found that the activities of the society 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 is granted, in accordance with fifteenth proviso to Section 10(23C) of the Act.

[C. No. 935(2)/CCIT/TRY/2008/09]

K. K. TRIPATHI Chief Commissioner of Income-tax