Section(s) Referred: 35, 35(2A)
Statute: INCOME TAX
Date of Issue: 2/2/1982
It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, by the Department of Science & Technology, New Delhi.
Name of the scientific research project “(i) Improvements in Transmission System. (ii) Improvements in Chassis and Cab Design. (iii) Design & Development of a Direct Injection Engine.”
Name of the sponsorer M/s. Mahindra & Mahindra Ltd., Gateway Building, Apollo Bunder, Bombay-400039.
Implementing laboratory M/s. The Automotive Research Association of India, Poona.
Date of commencement 15-10-1981
Date of completion 2 years.
Estimated outlay (i) Rs. 10.375 lakhs (ii) Rs. 24.875 lakhs (iii) Rs. 23.375 lakhs
Total Rs. 58.625 lakhs.
2. The Automotive Research Association of India, Poona, stands approved u/s. 35(1)(ii) of the Income-tax Act, 1961, vide late Finance Department Notification No. S.O. 1284 dated 31-3-1967.
[No. 4455 (F. No. 203/177/81-ITA. II)