Approved Bharatiya Vidya Bhavan, Munshi Sadan, Kulapati K.M. Munshi Marg, Bombay u/s 35(1)(ii) - S.O.520 - Income Tax

Approved Bharatiya Vidya Bhavan, Munshi Sadan, Kulapati K.M. Munshi Marg, Bombay u/s 35(1)(ii) NOTIFICATION NO. S.O.520 DATED 26-12-1991 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 of Income-tax (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 "Institution" 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 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 by 31st May of each year ; and ( iii ) It will submit to the ( a ) Director-General of 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 30th June each year a copy of it audited annual accounts showing its income and expenditure and its assets and liabilities. NAME OF THE ORGANISATION Bharatiya Vidya Bhavan, Munshi Sadan, Kulapati K.M. Munshi Marg, Bombay-400 007. This notification is effective for the period from 1-4-1991 to 31-3-1994. NOTE :--The organisation is advised to apply (in triplicate) for further extension of the approval, to the Director-General of Income-tax (Exemptions), Calcutta, through the Commissioner of Income-tax/Director of Income-tax (Exemptions) having jurisdiction over the organisation, three months before the expiry of the approval. In exceptional cases where the order granting approval is received after the expiry of the period of three months aforesaid or shortly before the expiry of the said period, the organisation may make an application for extension of approval as soon as possible after the receipt of the order of approval. Six copies of the application for extension of approval should be sent directly to the Secretary, Department of Scientific and Industrial Research. [No. 543/F. No. DG/M-42/Cal/35(1)( ii )/89-IT(E)]