Notification:
888
Section(s) Referred:
s. 35(1)(ii) ,r. 6
Statute:
INCOME TAX
Date of Issue:
19/4/2000
It is hereby notified for general information that the organisations mentioned
below have
been approved by the Central Government for the period mentioned against their names,
for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961,
read with rule 6 of the Income-tax Rules, 1962, under the category 'association' subject
to the following conditions :
(i) The notified association shall maintain separate books of account for
its research
activities ;
(ii) The notified association shall furnish the annual return of its scientific
research
activities to the Secretary, Department of Scientific and Industrial Research, 'Technology
Bhawan', New Mehrauli Road, New Delhi-110 016 for every financial year on or before
31st May of each year ;
(iii) The notified association shall submit, on behalf of the Central Government,
to (a) the
Director-General of Income-tax (Exemptions), 10 Middleton Row, 5th Floor, Calcutta-700 071, (b) the
Secretary, Department of Scientific and Industrial Research, and (c) the
Commissioner of Income-tax/Director of Income-tax (Exemptions), having jurisdiction
over the organisation, on or before 31st October each year, a copy of its audited annual
accounts and also a copy of audited income and expenditure account in respect of its
research activities for which exemption was granted under sub-section (1) of section 35
of the Income-tax Act, 1961, in addition to the return of income-tax to the designated
Assessing Officer.
-------- Sl. Name of the organisation approved Period for which notification
No. is
effective -------- 1. National Institute of Ocean Technology, IC & SR Building, IIT
Campus, Chennai-600 036 (F. 1-4-99 to 31-3-2001 No. 203/56/2000-ITA-II)
2. Advanced Centre for Cryogenic Research, Jadav- pur University, P. B.
No. 17005,
Calcutta -700 1-4-99 to 31-3-2001 032 (F. No. 203/55/2000-ITA-II) --------
[Notification No. 11340/F. No. 203/56/2000-ITA-II]