Notification: S.O.2464
Section(s) Referred: 35 ,35(2A)
Statute: INCOME TAX
Date of Issue: 24/9/1981
It is hereby notified for general information that the following 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, read with rule 6(ii) of the Income-tax Rules, 1962, by the Indian Council of Medical Research, New Delhi.
1. Name of the scientific research programme : “Diabetic Retinopathy in India”.
2. Sponsored (a) by : Medical Research Foundation, Madras.
3. Sponsored (b) at : Central Council of Diabetic Research of Diabetic Association of India.
4. Duration project : Five years.
(i) Proposed date of commencement : 7th September, 1981.
(ii) Anticipated date of completion : 6th September, 1986.
5. Total estimated expenditure : Rs. 32.73 lakhs. (Rupees thirty two lakhs and seventy three thousand only).
2. The approval for the above project will be subject to the following conditions :–
1. That the Society will maintain a separate account of the amounts received and expenditure incurred for this research project as distinct from the other expenditure of the Medical Research Foundation (Regd.), Madras.
2. That the Society will furnish annual returns of this scientific research project 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.
3. That the Society will furnish a copy of the annual audited statement of account to the Council by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.
3. The Medical Research Foundation (Regd.), Madras, stands approved under section 35(1)(ii) of the Income-tax Act, 1961, by Notification No. 3225 (F. No. 203/27/80-ITA. II) dated 10th April, 1980.
[No. 4247 (F. No. 203/147/81-ITA. II)]
