11199 : Notification: 11199 Date of Issue: 6/1/2000

Notification: 11199 Date of Issue: 6/1/2000

Notification: 11199

Section(s) Referred: s. 35(1)(iii)

Statute: INCOME TAX

Date of Issue: 6/1/2000

It is here by notified for general information that the organisations mentioned below have been approved by the Central Government for the period mentioned against their names, for the purpose of clause (iii) 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 "Institution" subject to the following conditions :

(i) The notified Institution shall maintain separate books of accounts for its research activities ;

(ii) The notified Institution shall furnish the annual return of its scientific research activities to the Secretary, Department of Scientific & Industrial Research, Technology Bhawan, New Mehrauli Road, New Delhi-110016 for every financial year on or before 31st May of each year;

(iii) The notified Institution shall submit on behalf of the Central Government to (a) the Director General of Income-tax (Exemptions), 10 Middleton Row, 5th Floor, Calcutta-700071, (b) the Secretary, Department of Scientific & Industrial Research, and (c) the Commissioner of Income-tax/Director of Income-tax (Exemptions), having jurisdiction over the organisation, on or before the 31st October each year, a copy of its audited annual accounts and also a copy of Audited Income & Expenditure Account in respect of its research activities for which exemption was granted under sub-section (1) of section 35 of Income-tax Act, 1961 in addition to the return of income-tax to the designated Assessing Officer.

-------- S. Name of the organisation approved Period for which No. Notification is effective -------- 1. Consultancy Development Centre, 2nd Floor, Zone-IV, East Court, India Habitat 1-4-99 to 31-3-2000 Centre, Lodi Road, New Delhi 110003 [F. No. 203/50/99-ITA-II]

2. Indian Institute of Management, Bannerghata Road, Bangalore-560076 [F. 1-4-99 to 31-3-2000 No. 203/54/99-ITA-II] --------