For the purpose of Section 35(1)(ii) - organization M/s Sir Ganga Ram Trust Society has been approved - 168/2005 - Income Tax

For the purpose of Section 35(1)(ii) - organization M/s Sir Ganga Ram Trust Society has been approved NOTIFICATION NO. 168/2005, DATED 24-6-2005 It is hereby notified for general information that the organization M/s Sir Ganga Ram Trust Society has been approved by the Central Government for the purposes 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 1-4-2003 to 31-3-2005 under the category, 'university, college or 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 the approval is being given, the approved organization shall submit a copy of its audited Income and 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 or 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 and 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. 203/65/2004-ITA-II]