Approved various Association u/s 35(1)(ii) - 11338 - Income Tax

Approved various Association u/s 35(1)(ii) NOTIFICATION NO. 11338 DATED 17-4-2000 It is hereby notified for general information that the organisations mentioned below have been approved by the Central Government for the period mentioned against their 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 IT Rules, 1962, under the category "Association" subject to the following conditions : ( i ) The notified Association shall maintain separate books of accounts for its research activities; ( ii ) The notified Association shall furnish the Annual Return of its scientific research activities to the Secretary, Department of Scientific 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 Association 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 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 Expenditure Account in respect of its research activities for which exemption was granted under sub-section (1) of s. 35 of the IT Act, 1961 in addition to the return of income-tax to the designated Assessing Officer. S. No. Name of the organisation approved Period for which Notification is effective 1. M/s Jayant Industrial and Scientific Research Institute, 13 Sita Falwadi, Dr. Mascarenhas Road, Mazgaon, Mumbai [F.No.203/68/2000-ITA-II] 1-4-99 to 31-3-2001 2. M/s Electrical Research Development Association, 501, Kakad Chambers, 132, Dr. Annie Besant Road, Worli, Mumbai-400018 [F. No. 203/68/2000-ITA-II] 1-4-99 to 31-3-2001 3. Tata Institute of Fundamental Research, Homi Bhabha Road, Mumbai-400005 [F. No. 203/66/2000/ITA-II] 1-4-99 to 31-3-2000 [F. No. 203/68/2000-ITA-II Ors.]