U/s 35(1) (ii) of IT Act 1961 Central Government approved M/s Institute of Nano Science and Technology, Mohali

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..... nformation that the organization M/s Institute of Nano Science and Technology, Mohali (PAN:- AAAA14829E) 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 2018-2019 onwards in the category of 'Scientific Res .....

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..... shing the return of income under sub-section (1) of section 139 of the said Act; (iv) The approved organization 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. (v) The approved organization shall, by the due date of furnishing the .....

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..... (iii) of paragraph 1; or (c) fails to furnish its statement of the donations received and sums applied for scientific research referred to in subparagraph (iv) of paragraph 1; or (d) ceases to carry on its research activities or its research activities are not found to be genuine; or (e) ceases to conform to and comply with the provisions of clause (ii) of sub-section (1) of section 35 of the s .....

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