NOTIFICATION NO. 85/2007, DATED 28-3-2007

It is hereby notified for general information that the organization M/s Indian Institute of Health Management Research, Jaipur 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 (said Act), read with rules 5C and 5D of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2005 in the category of ‘scientific research association’ subject to the following conditions, namely:-
  1. The sole objective of the approved ‘scientific research association’ shall be to undertake scientific research;
  2. The approved organization shall carry on the scientific research activity by itself;
  3. The approved organization shall maintain books of account and get such books audited by an accountant as defined in the explanation to sub-section (2) of section 288 of the said Act and furnish the report of such audit duly signed and verified by such accountant to the Commissioner of Income-tax or the Director of Income-tax having jurisdiction over the case, by the due date of furnishing the return of income under sub-section (1) of section 139 of the said Act;
  4. The organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.
2.  The Central Government shall withdraw the approval if the approved organization:-
            ( a)       fails to maintain books of account referred to in sub-paragraph (iii) of paragraph 1; or
            ( b)       fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or
          ( c)        fails to furnish its statement of donations received and amounts applied for scientific research referred to in sub-paragraph (iv) of paragraph 1; or
            ( d)        ceases to carry on its research activities or its research activities are not found to be genuine; or
            ( e)           ceases to conform to and comply with the provisions of clause (ii) of sub-section (1) of section 35 of the said Act read with rules 5C and 5D of the said Rules.
[F.No.203/35/2006/ITA-II]

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