For the purpose of Section 35(1)(iii) - organization Central India Institute of Medical Sciences, 88/2 Bajaj Nagar, Nagpur has been approved - 325/2006 - Income Tax

For the purpose of Section 35(1)(iii) - organization Central India Institute of Medical Sciences, 88/2 Bajaj Nagar, Nagpur has been approved NOTIFICATION NO. 325/2006, DATED 15-11-2006 It is hereby notified for general information that the organization Central India Institute of Medical Sciences, 88/2 Bajaj Nagar, Nagpur-440 010 has been approved by the Central Government 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 for the period from 1-4-2005 to 31-3-2008 under the category 'other Institution' partly engaged in research activities (and not as a 'scientific research association' existing solely for research) 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 the due 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 scientific research in respect of which the donors are eligible to claim deduction under clause ( ii ) of sub-section (1) of section 35. (b) Certifying that the expenditure incurred was for scientific research. [F. No. 203/32/2006-ITA-II]