Approved Institution Research Society of the Bombay College of Pharmacy, Bombay u/s 35(1)(ii) - S.O.4458 - Income Tax

Approved Institution Research Society of the Bombay College of Pharmacy, Bombay u/s 35(1)(ii) NOTIFICATION NO. S.O.4458 DATED 26-9-1984 In continuation of this Office Notification No. 4524 (F. No. 203/145/81-ITA. II), dated March 23, 1982, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, 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 of the Income-tax Rules, 1962, under the category " Association " subject to the following conditions : ( i ) That the Research Society of the Bombay College of Pharmacy, Bombay, will maintain a separate account of the sums received by it for scientific research. ( ii ) That the said Society 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 30th April, each year. ( iii ) That the said Society will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax. Institution Research Society of the Bombay College of Pharmacy, Bombay. This notification is effective for a period from January 24, 1984, to March 31, 1985 [No. 6022/F. No. 203/58/84-ITA. II]