Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 11/9/1986
It is hereby notified for general information that the institution mentioned below has been approved by the Department of Scientific and Industrial Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961, read with ruld 6 of the Income-tax Rules, 1962, under the category ” Association ” subject to the following conditions :–
(i) That Batra Medical Research Centre, New Delhi, will maintain a separate account of the sums received by it for scientific research and expenditure incurred therefrom.
(ii) The Centre would pursue only the following programmes :
(a) Project on the production of Interferons (plant interferons) for the control and treatment of malignancies of animal and human beings.
(b) Project on Secondary Prevention after Mycocardial Infraction–Comparative Evaluation of Proporanolol and Disopyramade.
(c) Project on relation of serum lipid with angiographically defined coronary atherosclerosis and effects of liquid alterations of growth of such lesions–a serial coronary angiographic study.
(iii) That the said association will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in the prescribed form by 30th April of each year.
(iv) That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.
(v) The Centre can submit details of any other programmes they would like to undertake and obtain clearance from time to time.
(vi) That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance, Department of Revenue, New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to rejected.
” Batra Medical Research Centre, New Delhi. “
This notification is effective for a period from 1-8-1986 to 31-3-1988.
[No. 6907 (F. No. 203/37/86-ITA-II)]