Notification No : 265
Section(s) Referred : Section 35
Date of Issue : 20/10/2004
Notification No. 265 of 2004, dt. 20th Oct., 2004
Income Tax Notification No: 265 (20-Oct-04) Approval of Tata Memorial Centre u/s. 35(1)(ii)
It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, 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 “Institution” subject to the following conditions;-
i) The organization shall maintain separate books of accounts for its research activities;
ii) The notified organization shall submit, on behalf of the Central Government, to (a) the Director General of Income tax (Exemption), Aayakar Bhawan, 9th & 10th Floor, Sector 3, Vaishali, Ghaziabad (b) the Commissioner of Income tax/Director of Income tax (Exemptions) having jurisdiction over the organisation, on or before the 31st October each year, a copy of its audited Annual Accounts and also a copy of audited Income & Expenditure Account in respect of its research activities for which exemption was granted under sub-section (1) of section 35 of Income tax Act, 1961 in addition to the return of income tax to the designated assessing officer.
S. No. Name of the organisation approved Period for which notification is effective
1. Tata Memorial Centre,
(Tata Memorial Hospital & Cancer Research Institute) Parel, Mumbai-400 012.
1.4.2003 to 31.3.2006
Notes: (i) Condition (i) above will not apply to the organization categorized as “Association”.
(ii) The notified Organization is advised to apply in triplicates as well in advance for further renewal of the approval, to the Central Government through the Commissioner of Income tax/Director of Income tax (Exemptions) having jurisdiction.