Exemption u/s 35(1) - Scientific research expenditure -Physical Research Laboratory, Ahmedabad

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..... l 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) with effect from 1-4-2003 to 31-3-2008 in the category of scientific research association subject to the following conditions, namely: ( i ) The sole objective of the approved scientific resear .....

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..... ent 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 report referred to in sub-paragraph ( iii ) of paragraph 1; or ( c ) fails to fu .....

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