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The Central Government approves the TATA Translational Cancer Research Centre under Section 35 of the Income-tax Act, 1961, as a Scientific Research Association from Assessment Year 2016-2017 onwards. The organization must undertake scientific research by itself and maintain separate books of accounts. The organization must get the accounts audited by an accountant and submit the audit report and donation statement to the income-tax authority by the due date for furnishing the return of income. The Central Government withdraws the approval if the organization fails to maintain separate accounts, fails to submit required reports, or ceases genuine research activities.
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(TO BE PUBLISHED IN PART /I, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETIE OF INDIA) Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) Notification ,J New Delhi, the :J.. January, 2017
S.O . .:I ~ p) It is hereby notified for general information that the organization TAT A Translational Cancer Research Centre('TICRC' ) under the aegis of TAT A Medical Centre Trust (PAN:- AABTT2222Q) has been approved by the Central Government for the purpose of clause (ii) of sub-section (I) 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 2016-2017 onwards in the category of 'Scientific Research Association', subject to the following conditions, namely:-
Notification No.~2017 (F.No.203/4112015/IT A-II)
To The Manager, Govt. of India Press, Mayapuri, New Delhi
(Ankita Pandey) Under Secretary to Government ofindia
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