Statute: INCOME TAX
Date of Issue: 1/4/1981
In continuation of this Department’s notification No. 2179 (F. No. 203/15/78-ITA. II), dated 21st February, 1978, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, 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(ii) of the Income-tax Rules, 1962, under the category of “scientific research association” in the field of Medical Research subject to the following conditions :—
(i) That the Society will maintain a separate account of the sums received by it for medical research.
(ii) That the Society will furnish annual returns of its scientific research activities to the Council by 31st May, each year, at the latest in such form as may be laid down and intimated to them for this purpose.
(iii) That the Society will furnish a copy of the annual audited statement of accounts to the Council by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.
Institution
All-India Institute of Physical Medicine and Rehabilitation Society for Promotion of Medical Research, Bombay.
This notification is effective for a period of two years from 20th December, 1979, to 19th December, 1981.
[No. 3927 (F. No. 203/36/81-ITA. II)
