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The Central Government approves M/s Indian Institute of Science Education and Research, Pune under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. The organization receives approval under the category of University, College or other Institution for scientific research. The approval applies from Assessment year 2017-2018 and onwards. The organization uses the received sums for scientific research and carries out research through faculty members or enrolled students. The organization maintains separate books of accounts and a separate statement of donations. The organization gets the books audited and furnishes the audit report to the tax authority 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 GAZETfE OF INDIA) Government of India Ministry of Finance (Department of Reven ue) (Central Board of Direct Taxes) 1"I0tification "i New Delhi, the 2 August, 2016 S.D. It is hereby notified for general information that the organizalion MIs Indian Institute of Science Education and Research, Pune (PAN :- AAAAIIS46E) has been approved by the Celllral Government for the purpose ofclau:;e (U) of sub-section (I) of sec lion 35 of the Income-tax Act. 1961 (said Act), read with Rulcs 5C and 5E of the Income-tax Rules. 1962 (said Rules), from AssesSment year 2017-2018 and onwards tinder the category of "University, College or other Institution" engaged in research activities subject to the following conditions, namely:-
'1~\\o -;t>.."']Y '\ -/ Notification No.k 12016 (F.No.203f38120 I SIlT A-II) (Rohil Garg) Deputy Secretary to Government of India
To The Manager, GoV!. of India Press, Mayapuri, New Delhi
t.:QPY forwarded to:
(ROhil Garg) Deputy Secretary to GOl'ernmenl of India
