Approved Institution Organon Research Centre u/s 35(1)(ii) - S.O.4745 - Income Tax

Approved Institution Organon Research Centre u/s 35(1)(ii) NOTIFICATION NO. S.O.4745 DATED 23-7-1985 In continuation of this office notification No. 5701 (F. No. 203/10/84--ITA. II) dated 7-3-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science 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" in the area of other natural and applied sciences subject to the following conditions --- ( i ) That the Organon Research Centre will maintain a separate account of the sums received by it for scientific research. ( ii ) That the said Association 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 Association 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. ( iv ) That the said institute will apply to the Central Board of Direct Taxes, Ministry of Finance Deptt. of Revenue, New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected. Institution Organon Research Centre, 38, Chowringhee Road, Calcutta--700 071. This notification is effective for a period from 30-12-1984 to 31-12-1985. [No. 6338 (F. No. 203/7/85---ITA. II)]