Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 30/6/1987
It is hereby notified for general information that the approval granted under section 35(i)(ii) of the Income-tax Act, 1961, to the Gandhi Gram Institute of Rural Health and Family Welfare Trust, Madurai (formely known as The Gandhigram Institute of Rural Health and Family Planning, Madurai District, Tamil Nadu) vide Ministry of Finance (Department of Revenue and Insurance), Notification No. 816 (F. No. 203/65/74-ITA-II), dated 13th January, 1975, is hereby restricted up to 31st March, 1990, subject to the following conditions :–
(i) That the Gandhi Gram Institute of Rural Health and Family Welfare Trust, Madurai, will maintain a seperate account of the sums received by it for scientific research.
(ii) That the said Institute will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 31st May, each year.
(iii) That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annuals 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 Central Board of Direct Taxes, New Delhi, and the concerned Commissioner of Income-tax.
(iv) 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 be rejected.
[No. 7381 (F. No. 203/110/87-ITA II)