Section(s) Referred: 35 ,35(2A)
Statute: INCOME TAX
Date of Issue: 19/7/1980
In continuation of this department’s notification No. 1245 (F. No. 203/1/75-ITA. II) dated 28th February, 1976, it is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, by the Indian Council of Medical Research, New Delhi.
Scientific research programme : Mahatma Gandhi Institute of Medical Sciences–a research project in medical education.
Sponsored (a) by : Kasturba Health Society, Sevagram.
Sponsored (b) at : Mahatma Gandhi Institute of Medical Sciences, Sevagram.
Duration of programme : A major research programme like research in medical education cannot be completed within a short duration of time. Therefore, it is very difficult to say what will be the exact duration of this research programme. It will be of a continuous nature. However, it is expected that the major research programme in medical education will be ready for assessment in less than ten years.
Cost of project : The cost of the project will be between Rs. 8 to 10 crores for the first ten years. The recurring expenditure for the current year is estimated to be Rs. 64 lakhs. The non-recurring expenditure so far incurred of about Rs. 2 crores are immediately required for construction of buildings like staff quarters, administrative-cum-laundry, (blocks), etc., and purchase of important hospital equipments.”
The Mahatma Gandhi Institute of Medical Sciences, Wardha, where the above programme, has been sponsored has been approved under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance Notification No. 817 (F. No. 203/1/75-ITA. II) dated 13-1-75.
[No. 2671/F. No. 203/59/77-ITA. II