Section(s) Referred: 35, 35(1), 35(1)(ii)
Statute: INCOME TAX
Date of Issue: 26/8/1982
In continuation of this office notification No. 2825 (F. No. 203/46/79–ITA. II), dated 19-5-1979, 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 (ii) 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 subject to the following conditions :—
(i) That the Indian Copper Information Centre, Calcutta, will maintain a separate account of the sums received by it for scientific research.
(ii) That the said Centre will furnish annual returns 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.
(iii) That the said Centre 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.
Indian Copper Information Centre, Calcutta.
This notification is effective for a period of two years from 1-4-1982 to 31-3-1984.
[No. 4879/F. No. 203/56/82—ITA. II]