540- : Notification: 540 Date of Issue: 1/3/2001

Notification: 540 Date of Issue: 1/3/2001

Notification: 540

Section(s) Referred: s. 35(1)(iii) ,r. 6

Statute: INCOME TAX

Date of Issue: 1/3/2001

It is hereby 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 account for its research activities ;

(ii) The notified institution shall furnish the annual return of its scientific research activities to the Secretary, Department of Scientific and Industrial Research, "Technology Bhawan", New Mehrauli Road, New Delhi-110 016 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-700 071 ; (b) the Secretary, Department of Scientific and Industrial Research ; and (c) the Commissioner of Income-tax/Director of Income-tax (Exemptions), having jurisdiction over the Organisation, on or before 31st October, each year, a copy of its audited annual accounts and also a copy of the audited income and expenditure account in respect of its research activities for which exemption was granted under sub-section (1) of section 35 of the Income-tax Act, 1961, in addition to the return of income-tax to the designated Assessing Officer. ------- Sl. Name of the Organisation approved Period for which No. notification is effective ------

1. International Board of Yoga, Yoga Bhawan, Prabhat 1-4-1999 to 31-3-2001 Colony, Santacruz (East), Mumbai 4OO 055. (F. No. 203/1/2001-ITA-II)

2. Asian Centre for Organisation Research Development, 1-4-1999 to 31-3-2000 126, Greater Kailash-I, New Delhi. (F. No. 203/1/2001-ITA-II)

3. The Institute of Company Secretaries of India, 'ICSI 1-4-2000 to 31-3-2003 House', 22, Institutional Area, Lodhi Road, New- Delhi-110 003. (F. No. 203/1/2001-ITA-II)

4. Indian institute of Marwari Enterpreneurship, 1, 1-4-1999 to 31-3-2000 Mahatma Gandhi Marg, jhalana Institutional Area, Jaipur. (F. No. 203/1/2001-ITA-II)

5. Indian Institute of Marwari Enterpreneurship, 1, 1-4-2000 to 31-3-2003 Mahatma Gandhi Marg, Jhalana Institutional Area, Jaipur. (F. No. 203/1/2001-ITA-II)

6. Jain Vishva Bharati, Ladnum, Rajasthan, Post Box No. 1-4-2000 to 31-3-2003 8, Ladnum Distt., Nagpur-341 306. (F. No. 203/1/2001-ITA-II)

7. Kripa Foundation, C/o. Mt. Carmel Church, 81/A, 22-6-2000 to 31-3-2002 Chapal Road, Bandra, Mumbai-50. (F. No. 203/11/2001-ITA-II) ------

[Notification No. 48/F. No. 203/1/2001 and 203/11/2001/ITA-II]