Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 2/3/1977
It is hereby notified for general information that the association mentioned below has been approved by the Secretary, 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, in the area of other natural or applied sciences, subject to the following conditions :–
(i) That the Jhaverbhai Patel Research Centre, Bombay, will maintain a separate account of the sums received by it for scientific research in the field of natural or applied sciences.
(ii) That the said Centre will furnish the annual return of its scientific research activities to the prescribed authority for every financial year by 30th April, in such forms as may be laid down and intimated to them for this purpose.
Jhaverbhai Patel Research Centre, Bombay.
This notification will be effective for a period of three years with effect from 1st December, 1976.
[No. 1675/F. No. 203/189/76-ITA. II