Talwar Research Foundation, New Delhi has been approved for the purpose of section 35(1)(ii) of the Income-tax Act, 1961

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..... hereby notified for general information that the organization Talwar Research Foundation, New Delhi 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 5D of the Income-tax Rules, 1962 (said Rules) from Assessment year 2004-05 onwards in the category of 'other insti .....

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..... 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:- fails to maintain books of accounts referred to in sub paragraph (iii) of paragraph 1; or fails to furnish .....

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