TMI BlogFor the purpose of Section 35(1)(iii) - organization The Kuppuswami Sastri Research Institute, Chennai has been approvedX X X X Extracts X X X X X X X X Extracts X X X X ..... information that the organization The Kuppuswami Sastri Research Institute, Chennai has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5D of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2003 in the category of 'other Institution, partly engaged in research activi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onations received and amounts applied for research in social sciences 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 (b) fails to furnish its audit repo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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