Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 4/3/1980
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 Association” in the field of medical research, subject to the following conditions :—
(i) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research.
(ii) That the institution will furnish annual returns of its scientific research activities to the Council for each year 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 institution will furnish a copy of the annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.
Medical Research Centre & Hospital of the Ch. Aishi Ram Batra Public Charitable Trust, New Delhi.
This notification is effective for a period of three years from 28-2-1980 to 27-2-1983.
[S. No. 3202/F. No. 203/100/80-ITA-II