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The Central Government approves B.M. Birla Scientific and Technology Centre, Jaipur, for clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. The organization receives approval from Assessment year 2009-2010 onwards in the category of Other Institution engaged in research activities. The approved organization must utilize sums paid for research in social sciences. The organization must carry out research through faculty members or enrolled students. The organization must maintain separate books of accounts for sums received. The organization must get books audited by an accountant and furnish the report to the Commissioner of Income-tax or the Director of Income-tax by the due date of furnishing the return of income.
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(TO BE PUBLISHED IN PART II, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETTE OF INDIA) Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) New Delhi, the 31st March’ 2010 Notification S.O. It is hereby notified for general information that the organization B.M. Birla Scientific & Technology Centre, Jaipur 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) from Assessment year 2009-2010 onwards in the category of “Other Institution” engaged in research activities subject to the following conditions, namely:-
(Ajay Goyal) Director (ITA-II)
Notification No. 19 /2010 (F.No.203/84/2009/ITA-II)
To The Manager, Govt. of India Press, Mayapuri, New Delhi
Copy forwarded to:
(Ajay Goyal) Director (ITA-II)
