Approved Institution Institute of Road Transport, Madras u/s 35(1)(ii) - S.O.4058 - Income Tax

Approved Institution Institute of Road Transport , Madras u/s 35(1)(ii) NOTIFICATION NO. S.O.4058 DATED 13-7-1982 In continuation of this Office Notification No. 3414 (F.No. 203/102/79-ITA. II) dated 26-5-1980, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science Technology, New Delhi, the prescribed authority 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, 1982, under the category "Association" in the area of other natural and applied sciences subject to the following conditions :--- ( i ) That the Institute of Road Transport, Madras, will maintain a separate account of the sums received by it for scientific research in the field of natural and applied sciences other than Agriculture/Animal husbandry/Fisheries and medicines ; ( ii ) That the said Institution will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year ; ( iii ) That the said Institution will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets/liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax. Institution Institute of Road Transport, Madras. This notification is effective for a period of three years from 9-4-82 to 8-4-85. [No. 4801 (F. No. 203/49/82-ITA. II)]