901 : Notification: S.O.901 Date of Issue: 1/1/1990

Notification: S.O.901 Date of Issue: 1/1/1990

Notification: S.O.901

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

Statute: INCOME TAX

Date of Issue: 1/1/1990

It is hereby notified for general information that the organisation mentioned below has been approved by the prescribed authority under rule 6 of the Income-tax Rules, 1962, i.e., the Director-General (I.T. Exemptions) in concurrence with the Secretary, Department of Scientific and Industrial Research, for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961, under the category " Association " subject to the following conditions :---

(i) The organisation will maintain a separate account of the sums received by it for scientific research.

(ii) It will furnish the annual returns of its scientific research activities to the Secretary, Department of Scientific and Industrial Research, Technology Bhavan, New Mehrauli Road, New Delhi--110 016, for every financial year by 31st May of each year.

(iii) It will submit to the (a) Director-General (Income-tax Exemptions), (b) Secretary, Department of Scientific and Industrial Research, and (c) Commissioner of Income-tax/Director of Income-tax (Exemptions) having jurisdiction over the organisation, by the 30th June, each year, a copy of its audited annual accounts showing its income and expenditure, and its assets and liabilities.

(iv) It will apply in triplicate for further extension of the approval to the Director-General (Income-tax Exemptions), Calcutta, through the Commissioner of Income-tax/the Director of Income-tax (Exemptions) having jurisdiction over the organisation three months before the expiry of the approval. It will also submit six copies of the application for extension to the Secretary, Department of Scientific and Industrial Research.

NAME OF THE ORGANISATION

Spic Science Foundation, Spic Centre, 97, Mount Road, Guindy, Madras---600 032.

This notification is effective for the period from 1st April, 1989, to 31st March, 1990.

[No. 2/F. No. DG/TN--10/Cal/35(1)(ii)/89--IT(E)]