For the purpose of Section 35(1)(ii) - organization M/s Council of Scientific and Industrial Research, 2, Rafi Marg, New Delhi has been approved - 254/2005 - Income Tax

For the purpose of Section 35(1)(ii) - organization M/s Council of Scientific and Industrial Research, 2, Rafi Marg, New Delhi has been approved Notification No. 254/2005, Dated 30-11-2005 It is hereby notified for general information that the organization M/s Council of Scientific and Industrial Research, 2, Rafi Marg, New Delhi-110001 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 1-4-2003 to 31-3-2006 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 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/statistical research in respect of which the donors are eligible to claim deduction under clause ( vi ) of sub-section (1) of section 35. ( b ) certifying that the expenditure incurred was for research in social science/statistical research. [F. No. 203/23/2004-ITA-II]