NOTIFICATION NO. 67/2006, DATED 14-3-2006

It is hereby notified for general information that the organization K.K. Birla Academy, Surya Kiran Building (5th floor), 19, Kasturba Gandhi Marg, New Delhi-110001 has been approved by the Central Government 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 for the period from 1-4-2004 to 31-3-2007 under the category ‘other Institution’ subject to the following conditions:—

(i) the approved institution shall maintain separate accounts for the amounts used for scientific research.

(ii) for each of the financial years for which this approval is being given, the approved institution shall submit a copy of its audited Income and Expenditure account in respect of the research activities for which it has been approved under sub-section (1) of section 35 of Income-tax Act, 1961 to the Commissioner of Income Tax/Director of Income-tax (Exemptions) having jurisdiction, on or before the due date of filing of return of income or within 90 days from the date of this notification, whichever expires later;

(iii) The approved institution shall also enclose with the Income & Expenditure account referred to in paragraph (ii) above, 3 certificate from the auditor:—

(a)   specifying the amount received by the institution to be used for scientific research in respect of which the donors are eligible to claim deduction under clause (ii) of sub-section (1) of section 35;

(b)   certifying that the expenditure incurred was for scientific research.

[F. No. 203/79/2004-ITA-II]

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