Organisation The Bombay Textile Research Association, Mumbai has been approved u/s. 35(1)(ii) of the Income tax Act, 1961

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..... otified for general information that the organization The Bombay Textile Research Association, Mumbai has been approved by the Central Government for the purpose of clause (ii) of subsection (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.1999 in the category of 'other Institution', partly en .....

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..... shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2.The Central Government shall withdraw the approval if the approved organization:- (a) fails to maintain books of account referred to in sub-paragraph (iii) of paragraph 1; or .....

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