3131 : Notification: S.O.3131 Date of Issue: 17/9/1980

Notification: S.O.3131 Date of Issue: 17/9/1980

Notification: S.O.3131

Section(s) Referred: 35 ,35(1) ,35(1)(ii)

Statute: INCOME TAX

Date of Issue: 17/9/1980

In continuation of this Department's Notification No. 2590 (F. No. 203/136/78-ITA. II) dated 22nd Nov., 1978, 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 Institute will maintain a separate account of the sums received by it for medical research.

(ii) That the Institute will furnish annual returns 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 Institute will furnish an 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

National Institute of Mental Health and Neuro Sciences, Bangalore.

This notification is effective for a period of 3 years from 5-6-1980 to 4-6-1983.

[No. 3660/F. No. 203/218/80-ITA. II