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 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, subject to the following conditions :–
(i) that the C.C. Shroff Research Association, New Delhi, will maintain a separate account of the sums received by it for scientific research ;
(ii) that the said Association will furnish the annual return of its scientific research activities to the prescribed authority by 30th April, each year for every financial year in such forms as may be laid down and intimated to them for this purpose.
C.C. Shroff Research Institute, New Delhi.
This notification will be effective for a period of three years from 13th October, 1976.
[No. 1690/F. 203/149/76-ITA. II