Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 16/7/1979
In continuation of this Department’s Notification No. 1598 (F. No. 203/182/76-ITA. II), dated 29th December, 1976, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, 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(ii) of the Income-tax Rules, 1962, under the category of “Scientific Research Association” in the field of medical research, subject to the following conditions :–
(i) that the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research.
(ii) that the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May each year at the latest in such form as may be laid down and intimated to them for this purpose.
Poona District Leprosy Committee, Pune.
This notification is effective for a period of 2 years from 29-12-1979 to 28-12-1980.
[No. 2934 (F. No. 203/95/79-ITA. II)