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Notification: S.O.2438
Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 15/6/1981
In continuation of this office Notification No. 2955 (F. No. 203/41/79/ITA.II) dated 2-8-79, it is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, New Delhi, the prescribed authority for the purpose of clause (ii) of sub-section (1) of section 35 of the I.T. Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, under the category, ” Association ” in the areas of other natural or applied science, subject to the following conditions :—
1. That the Bakul Finechem Research Centre, Bombay, will maintain a separate account of the sums received by it for scientific research in the field of natural and applied sciences other than agriculture/animal husbandry/fisheries and medicines.
3. That the said Centre will submit the annual return and statement of accounts to the Commissioner of Income-tax, Bombay, for every year.
Institution
Bakul Finechem Research Centre, Bombay.
The notification is effective for a period of three years from 1-4-1981 to 31-3-1984
[No. 4025/F. No. 203/43/81–ITA.II]
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