Section(s) Referred: 35 ,35(2A)
Statute: INCOME TAX
Date of Issue: 31/12/1975
It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, by the prescribed authority, the Indian Council of Medical Research, New Delhi ;
Scientific Research Programme : Research and Development of New Drugs with emphasis on Clinical Pharmacology and Therapeutics.
(a) Sponsored by : (i) Dedraj Bharatia Charitable Trust, Churu, Rajasthan.
(ii) East India Commerical Company Pvt. Ltd., 38, Netaji Subhash Road, Calcutta.
(iii) Cutler Hammer India Limited, 38, Netaji Subhash Road, Calcutta.
(iv) East India Cotton Manufacturing Co. Ltd., 38, Netaji Subhash Road, Calcutta.
(v) Fibre Processors Pvt. Limited, 38, Netaji Subhash Road, Calcutta.
(b) Sponsored at : All-India Institute of Medical Sciences, Ansari Nagar, New Delhi-110016.
Duration of Research Programme : Five years w.e.f. 24-12-1975.
Estimated expenditure : Rs. 35 lakhs.
All India Institute of Medical Sciences, New Delhi, where the above programme has been sponsored has been approved under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance Notification No. 1174—F. No. 203/183/75-ITA-II dated 24th December, 1975