Notification No. S.O.1166-Income Tax Dated: 25/1/1982

 Notification: S.O.1166
Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 25/1/1982

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the category of “Scientific Research Institute” in the field of medical research, subject to the following conditions :–

(i) That the Institute will maintain a separate account of the sums received by it for medical reseach.

(ii) That the Institute will furnish annual return of its scientific research activities to the Council by 31st May, each year, at the latest in such form as may be laid down and intimated to them for this purpose.

(iii) That the Institute will furnish the annual audited statement of accounts to the Council by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Institution

The Institute of Genetics Hospital for Genetic Diseases, Hyderabad.

The notification is effective for a period of three years from 1-10-1981 to 30-9-1984.

[No. 4437/F. No. 203/164/81-ITA. II