For the purpose of Section 35(1)(ii) - organization Indian Institute of Science, Bangalore has been approved

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..... rmation that the organization Indian Institute of Science, Bangalore 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 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2004 in the category of 'University', partly engaged in research activities subject .....

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..... tement 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 accounts referred to in subparagraph (iii) of paragraph 1; or ( b ) fails to furnish its .....

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