Notification: S.O.734
Section(s) Referred: 35 ,35(1) ,35(1)(ii)
Statute: INCOME TAX
Date of Issue: 3/11/1981
It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, 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(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 Trust will maintain a separate account of the sums received by it for medical research.
(ii) That the Trust will furnish annual return of its scientific research activities 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.
(iii) That the Trust will furnish a copy of the annual audited statement of accounts to the Council by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.
Institution
Harilal Jechand Doshi Sarvajanik Hospital and Medical Research Centre of the Harilal Jechand Doshi Hospital Trust, Rajkot.
The notification is effective for a period of three years from 14-10-1981 to 13-10-1984.
[No. 4292/F. No. 203/176/81-ITA. II]