Notification: S.O.2945
Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 4/9/1981
In continuation of this office Notification No. 2631/F. No. 203/90/78-ITA. (II) dated 2nd January, 1979, it is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, under the category ” Institution ” in the area of other natural and applied sciences, subject to the following conditions :–
1. That Vastu-Shilpa Foundation for Studies and Research in Environmental Design, Ahmedabad, 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).
2. That the said Foundation will furnish the 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 this purpose by 30th April, each year.
3. That the said Foundation will submit the annual return and satement of accounts to the Commissioner of Income-tax every year.
Institution
Vastu-Shilpa Foundation for Studies and Research in Environmental Design, Ahmedabad.
This notification is effective for a period of three years from 7-7-1981 to 6-7-1984.
[No. 4207/F.No. 203/50/81-ITA.II]
