Notification No. 84/2014

New Delhi, the 23 December, 2014

S.O. --(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 ‘North East Centre for Technology Application and Reach', a body constituted by the Central  Government , in respect of the following specified income arising to the said body, namely :-

(i)  grants in aid;

(ii) interest earned on grants-in-aid.

 2.    This notification shall be applicable for the above specified income of the North East Centre for Technology Application and Reach', for the assessment year 2013-14 to 2017-18.

3.    The notification shall be subject to the following conditions, namely:-

  1.  the said body shall not engage in any commercial activity;
  2.  the activities and the nature of the specified income of the said body remain unchanged throughout the financial year ; and
  3.  the said body files return of income in accordance with the provision of clause (g) of sub section (4C) of section 139 of the said Act.

4.    The grants received by the said body shall be received and applied in accordance with the prevailing rules and regulations.

[F. No. 196/11/2014-ITA. 1]

(Deepshikha Sharma)

Director to the Govt. of India