Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 25/1/1982
In continuation of this office notification No. 3870 (F. No. 203/3/80-ITA. II) dated 19-2-1981, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, 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 of the Income-tax Rules, 1962, under the category of “Association” in the area of other natural and applied sciences subject to the following conditions :–
(i) That the Adi Sankara Advaita Research Centre will maintain a separate account of the sums received by it for undertaking research in the undermentioned projects :
(a) Oxidation of Alcohols with N-halo compounds in presence of Silver Salts.
(b) Oxidation of Alcohols using halogens in Hexa Methyl Phosphoric triamide (in presence of a Base MaH2 PO4)
(c) Bench scale synthesis of Ion Exchange Resins.
(ii) That the Centre will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.
(iii) That the said Centre will submit the annual return and statement of accounts to the concerned Commissioner of Income-tax, every year.
Adi Sankara Advaita Research Centre, Madras.
This notification is effective for a period of three years from 1-4-1981 to 31-3-1984.
[No. 4335/F. No. 203/201/81-ITA II