(TO I3E PUI3USI[ED [N PART [I. SUO·SECTION (ii) OF SECTION 3 OF THE GAZEn 'E OF INDIA)
CO~'(rl1ment of India
Ministry of FinanCf
(Department of Rfvtnue)
(Central BOlrd of DiNCt Taxes)
Noliflclltion
New Dflhi, Ihf ISIIo July, 2016
S.O.
It is hereby notified for general information t:'atthe organi/..3tion MIs Indial! I nSlitule of Sdel!cf Educalion
and Research. l\lohall (PAN:· AAAAI1 781 K) has been approved by the C~ntral Go\oernment for the purpose of clause
(ii) of sub-section (I) ofsertion 35 of the Income·tax Act. 1961 (said Act), read with Rulcs 5C and 5E oflhc Income·tax
Rules, 1962 (said Rules). from ASS6,meOi year 2016·201 7 Rod onward$ ulIi.lt:r the category of " Uninrsity, Collrge or
Olher In$titution" engaged in research activities subject \0 the following conditions, namely:.
(i)
The sums paid to the appro\cd organization shall be utilized for scientific research;
(iii)
The approved organization shall carry out scientific research through its faculty members or its enrolled students:
(iii)
The apprmed organization shall maintain St[lllratt books or llceounls in respect of the sums received by it for
scientific research, rellect therein the amounts uscd for carrying out research. get such hooks audited by an
accountant as defined in the e.\planation to sub·section (2) of section 288 ufthe said Act (Ind furnish the report of
such audit duly signed and \oerified by such accountunt to the Commissioner of [ncome·tax or the Director of
Income·tax having jurisdiction 0\ er the case. by the due date of furnishing the return of income under sub-St:ction
( I ) of st.oction 139 of the said Act:
(iv)
The approved organization shall maintain a stparalt slalemtnl or donations received and amounts applied for
scientific research and 01 copy of such statement duly certified by the auditor shall accompany the report of audit
referred 10 above.
J.
The Central Government shall II ithdraw the appro\oal if the approved organization:.
to,
(b)
(0)
(d)
(e)
fails to I11l1intain separate books of accounts referred to in sub· paragraph (iii) of paragraph I; or
fails to furnish its audit rcport referred to in sub·paragrnph (iii) of paragraph 1: or
fails to furnish ils statement of the donations received and sums applied for scienlific research referred to
in sub-paragraph (iv) of paragraph I; or
ceases to carry on its research actil ilies or ilS research activities arc not found to be genuine: or
ceases to conform to and comply II ith the provisions of clause (ii) of sub·section (1) of section 35 of the
said Act read \Iith rules 5C and 5E of the said Rules.
Notmcatlon No. 5812016
(Rohil Garg)
Deputy S~crf tary to GOI'eromen! of India
(F.No.20J/33!20151IT A·II )
To
The Manager.
Gov1. of India Press,
Mayapuri, New Delhi
Copy forwarded 10:
1.
2.
1 {,
l.
~Q,,\b 4.
1'1IIJt7/ 5.
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7.
8.
9.
The applicant organization, Mis Indian Institute or Science EdUCAtion and Ruearch, Mohali.
Tht! Chid Commissioner of Income Tax (Exemption), New Delhi.
The Comptroller & Audilor Gener ... 1 of India.
CIT (Exemption). Chandigarh.
Min:stl) ofL:l\\ & Justice (Corrt!ction Section), New Delhi.
Web Manager, New Delhi, for placing on the wcbsite incomcta.-..:india.gol .in
!TCC, CBDT (4 copies)
Concerned file
Guard file.
~
(Rohit Garg)
Deputy StCrelllry to Covtrnmenl or India
