In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following debentures for the purpose of the said clause, namely.
That the Tuberculosis Research Centre, Shri K. J. Mehta T. B. Hospital, Saurashtra, will maintain a separate account of the sums received by it for scientific research.
That the said Institution will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, New Delhi, and the concerned Commissioner of Income-tax.
That the said Association 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 31st May, each year.
That the said Association will apply to Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, 3 months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
That the said Institution will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, New Delhi, and the concerned Commissioner of Income-tax.
That the said Institution will apply to Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, 3 months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of secton 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Veerayatan, Nalanda for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.
Notification No. S.O.992-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ” 11 per cent. Industrial Finance Corporation Bonds, 2002 (48th Series)” issued by the Industrial Finance Corporation of India, New Delhi, for the purpose of the said clause
Notification No. S.O.1107-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ” 7 years 14 per cent. Secured Redeemable Non-Convertible Bonds (B-Series) and 7 years 13 per cent. Secures Redeemable Non-convertible Bonds (B-Series) ” issued by the Indian Telephone Industries Limited, Bangalore,
