Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 26/3/1977
It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions :–
(1) The Society will submit annual reports on its research activities.
(2) The Society will submit annual returns about donations received and spent exclusively for research in the matter as and when required by the Council.
1. K. Scientific & Medical Research Society, Bombay.
This notification is effective for a period of two years from the date of this notification.
[No. 1689/F. No. 203/34/77-ITA. II