Scientific research programme has been approved for the period specified below for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961 - S.O.2041 - Income Tax

Scientific research programme has been approved for the period specified below for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961 NOTIFICATION NO. S.O.2041 DATED 26-5-1980 It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961, by the Indian Council of Medical Research, New Delhi. 1. Name of the scientific research programme "Research in Early Diagnosis and treatment of cancer". 2. Sponsored at Indian Cancer Society, Bombay. 3. Sponsored by Indian Cancer Society and Donors (List attached). 4. Duration of the project Ten years. ( i ) Proposed date of commencement 16th April, 1980. ( ii ) Anticipated date of completion : 15th April, I 990. Rs. 5. Estimated expenditure of the project 1. Staff recurring 777.38 lakhs for its entire duration of 10 years expenditure : 2. Building : 85.00 lakhs 3. Equipment : 518.17 lakhs ------ Total 1,380.55 lakhs ----- (Rs. Thirteen crores eighty lakhs and fifty-five thousand only). The approval for the above project will be subject to the following conditions :-- 1. That the Association will maintain a separate account of amounts received and expenditure incurred for this research project as distinct from the other expenditure of the Indian Cancer Society, Bombay. 2. That the Association will furnish annual returns of this scientific research project to the Council for each financial year by 31st May at the latest in such form as may be laid down and intimated to them for this purpose. 3. That the Association will furnish a copy of the annual audited statement of accounts to the Council for each year by 31st May and in addition send a copy of it to the concerned Income-tax Commissioner. The Indian Cancer Society, Bombay, has been approved under section 35(1)( ii ) of the Income-tax Act, I 961, vide Ministry of Finance, Department of Revenue Notification No. 43 (F. No. 10/40/64-ITA-I), dated the 30th June, 1964. Statement of donations ( i ) Central Government ----- ( ii ) State Government Allotted land free of cost. ( iii ) ICMR/CSIR/ICAR/BARC. ----- ( iv ) Semi-Government Organisations : Rs. State Bank of India 16 lakhs (in the year 1980) State Bank of India 32 lakhs (in the year 1980) State Bank of India 87 lakhs (in the year 1980) ---- Total 135 lakhs. ---- ( v ) Industrial donors and Commercial houses/ (All donations in the Private individuals year 1980) Rs. The Hindustan Spinning Wvg. Co. Ltd. 1 lakh The Bombay Dyeing and Mfg. Co. Ltd. 1.5 lakhs S.L.M. Manecklal Industries 1 lakh Special Steels Ltd. 1 " Hindustan Brown Boveri Ltd. 1 " South India Viscose 1 " Kirloskar Pneumatic Co. Ltd. 1 " J.K. Synthetics Ltd. 1 " Mahindra Ugine Steel Co. Ltd. 1 " Mahindra Mahindra Ltd. 50,000 The Associated Cement Co. Ltd. 50,000 I.T.C. Ltd. 2 lakhs Tata Engineering Locomotive Co. Ltd. 1 lakh Nirlon Synthetics Ltd. 50,000 Indian Aluminium Co. Ltd. 1 lakh Indian Oil Corpn. Ltd. 5 lakhs Godrej Boyce Pvt. Ltd. 10 " Ravindra Hiraus Pvt. Ltd. 5 " A.H. Wadia Trust Ltd. 30 " Diwaliben Mohanlal Mehta Trust 20 " Sir Dorab Tata Trust 20 " Sir Ratan Tata Trust 20 " The Indian Hotels Co. (Taj Group) 20 " Royal Western India Turf Club 20 " Other Private Public Sector Companies 100 " --------- Total 4,00,00,000 --------- Annual donations towards the project from the year 1981 onwards Rs. The Hindustan Spinning Wvg. Co. Ltd. 25,000 The Bombay Dyeing Mfg. Co. Ltd. 30,000 S.L.M. Manecklal Industries 25,000 Special Steel Ltd. 25,000 South India Viscose 25,000 Hindustan Brown Boveri Ltd. 25,000 Kirloskar Pneumatic Co. Ltd. 25,000 J.K. Synthetics Ltd. 25,000 Mahindra Ugine Steel Co. Ltd. 25,000 Mahindra Mahindra Ltd. 10,000 The Associated Cement Co. Ltd. 10,000 I.T.C. Ltd. 50,000 Tata Engineering Locomotive Co. Ltd. 25,000 Nirlon Synthetics Ltd. 10,000 Indian Aluminium Co. Ltd. 25,000 Indian Oil Corporation Ltd. 1,00,000 Godrej Boyce Pvt. Ltd. 2,00,000 Ravindra Hiraus Pvt. Ltd. 1,00,000 A.H. Wadia Trust 5,00,000 Diwaliben Mohanlal Mehta Trust 5,00,000 Sir Dorab Tata Trust 2,00,000 Sir Ratan Tata Trust 2,00,000 The Indian Hotels Co. Ltd. (Taj Group) 2,00,000 Royal Western India Turf Club 2,00,000 Other Private Public Sector Companies 10,00,000 -------- 35,60,000 -------- [No. 3405 (F. No. 203/138/80-ITA. II]