Section(s) Referred: 35 ,35(1) ,35(1)(iii)
Statute: INCOME TAX
Date of Issue: 30/4/1983
It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Association”, in the area of other natural and applied sciences for the following projects :–
Project : A 1 Statement of metaphysical aspects of Shankara’s Advaita in terms of Modern Science–Estimated Cost : Rs. 50,000–Duration : 12 months.
Project : A 2 Identification of the nature and extent of gap in the understanding of true nature through the means of modern sciences as compared to the means of Advaitic thoughts of Adi Shankara–Estimated cost : Rs. 65,000– Duration : 15 months.
Project : A 3 Analysis of the scientific aspects of Vedic ritual such as Yagnas on both theoretical and experimental bases the latter including environmental measurements–Estimated cost : Rs. 3.5 lakhs– Duration : 2 years.
Project : A 4 An understanding of the Vibrations caused by the recitation of Vedic Mantras through systematic instrumentation and correlation of the results with the studies in the field of psychology and para-psychology on
Vibrations–Estimated cost : Rs. 5 lakhs– Duration : 2 years.
This approval is subject to the following conditions :
(i) That Shankara Vidya Kendra, New Delhi, will maintain a separate account of the sums received by it for the scientific research.
(ii) That the said Kendra will furnish annual return 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 the purpose by 30th April, each year.
(iii) That the said Kendra will submit to the prescribed authority by 30th June, each year, a copy of their audited annual 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 concerned Commissioner of Income-tax.
Shankara Vidya Kendra, New Delhi.
This notification is effective for a period of 2 years from 28-2-1983 to 27-2-1985.
[No. 5161 (F. No. 203/43/82-ITA-II)