Approved institution Marathwada Medical and Research Institute, Aurangabad u/s 35(1)(ii) - S.O.1695 - Income Tax

Approved institution Marathwada Medical and Research Institute, Aurangabad u/s 35(1)(ii) NOTIFICATION NO. S.O.1695 DATED 29-6-2001 It is hereby notified for general information that the organisations mentioned below has been approved by the Central Government for the period mentioned against its names, for the purpose 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 "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-110016 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-700071; 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 the 31st October, each year, a copy of its audited annual accounts and also a copy of 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 be designated Assessing Oficer. Sl.No. Name of the organization approved Period for which notification is effective 1 Marathwada Medical and Research Institute, 5-14-40, Adalat Road, Aurangabad 1-4-2000 to 31-3-2003 Notes: The notified institution is advised to apply in triplicates and well in advance for renewal of the approval to the Central Government through the Commissioner of Income-tax/Director of Income-tax (Exemptions) having jurisdiction. Three copies of the application for renewal of approval shall also be sent directly to the Secretary, Department of Scientific and Industrial Research. [Notification No. 196/2001/F.No. 203/2/2001-ITA-II]