Notification No. 99/2019-Income Tax- CBDT notifies that the organization M/s International Centre for Research in Agroforestry, South Asia Regional Programme, NASC Complex, Delhi (ICRAF) (PAN:-AATI4803K) 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), from Assessment year 2019-2020 onwards in the category of ‘Scientific Research Association’.
MINISTRY OF FINANCE
(Department of Revenue)
(Central Board of Direct Taxes)
Notification No. 99/2019-Income Tax
New Delhi, the 27th November, 2019
S.O. 4281(E).—It is hereby notified for general information that the organization M/s International Centre for Research in Agroforestry, South Asia Regional Programme, NASC Complex, Delhi (ICRAF) (PAN:-AATI4803K) 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), from Assessment year 2019-2020 onwards in the category of ‘Scientific Research Association’, subject to the following
conditions, namely:-
(i) The sole objective of the approved Organization shall be to undertake scientific research;
(ii) The approved organization shall carry out scientific research by itself;
(iii) The approved organization shall maintain separate books of accounts in respect of the sums received by it for scientific research, reflect therein the amounts used for carrying out research, 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 subsection (1) of section 139 of the said Act;
(iv) The approved 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. (The approved organization shall receive grants/donations u/s.35(1)(ii) of the said Act after taking prior permission from the Indian Council of Agricultural Research (ICAR)/Department of Agricultural Research and Education (DARE), Ministry of Agriculture & Farmers’ Welfare and the grants/donations so received shall be exclusively utilized for the purpose of conducting research in India only.
2. The Central Government shall withdraw the approval if the approved organization: –
(a) fails to maintain separate books of accounts 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 the donations received and sums 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.
[Notification No. 99/2019/F. No. 203/04/2019/ITA-II]
RAJARAJESHWARI R. , Under Secy.
