For the purpose of Section 35(1)(iii) - organization M/s. Lokmanya Medical Research Centre, Chinchwad, Pune has been approved - 147/2006 - Income Tax

For the purpose of Section 35(1)(iii) - organization M/s. Lokmanya Medical Research Centre, Chinchwad, Pune has been approved NOTIFICATION No. 147/2006, dated 30-6-2006 It is hereby notified for general information that the organization M/s Madras School of Economics, Gandhi Mandapam, Chennai-25 has been approved by the Central Government for the purposeof clause ( iii ) of sub-section ( 1 ) of section 35 of theIncome-tax Act, 1961, read with Rule 6 of the Income-tax Rules, 1962 for the period from 1-4-2005 to 31-3-2008 under the category other Institution partly engaged in research activities subject to the following conditions: ( i ) The approved organization shall maintain separate accounts for its research activities. ( ii ) For each of the financial years for which this approval is being given, the approved organization shall submit a copy of its audited Income Expenditure account In respect of the research activities for which it has been approved under sub-section (1) of section 35 of Income-tax Act, 1961 to the Commissioner of Income-tax/Director of Income-tax (Exemptions) having jurisdiction, on or before thedue date of filing of return of income or within 90 days from the date of this notification, whichever expires later. ( iii ) The approved organization shall also enclose with the Income Expenditure account referred to in paragraph ( ii ) above, a certificate from the auditor ( a ) specifying the amount received by the organization for research in social science for statistical research) in respect of which the donors are eligible to claim deduction under clause ( iii ) of sub-section (1) of section 35. ( b ) certifying that the expenditure incurred was for research in social science (or statistical research) Notification (Income-tax). [F. No. 203/30/2006-ITA-II]