Approved National Institute of Bank Management, Pune u/s 35(1)(iii) - S.O.1641 - Income Tax

Research institution approval: National Institute of Bank Management recognized under section 35, subject to annual reporting and audited accounts.

Approval is granted to the National Institute of Bank Management, Pune, as an Institution for purposes of the income tax provision on scientific research, conditional on maintaining separate accounts for research funds, furnishing annual research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to the Director General (Exemptions), the Secretary, and the relevant Commissioner/Director of Income tax (Exemptions) by 30 June. The approval is effective from 1 April 1990 to 31 March 1991 and contains procedures for seeking extension.