Exemption under Section 35(1)(ii) approved for research institute, conditional on separate accounts and annual reporting. Approval is granted to The Institute of Road Transport, Madras for the purposes of Section 35(1)(ii) of the Income-tax Act, subject to conditions: maintain a separate account for sums received for scientific research in natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines) and furnish annual returns of scientific research activities to the prescribed authority in prescribed forms; approval is valid for a three-year period from 9-4-1976 to 8-4-1979.
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Exemption under Section 35(1)(ii) approved for research institute, conditional on separate accounts and annual reporting.
Approval is granted to The Institute of Road Transport, Madras for the purposes of Section 35(1)(ii) of the Income-tax Act, subject to conditions: maintain a separate account for sums received for scientific research in natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines) and furnish annual returns of scientific research activities to the prescribed authority in prescribed forms; approval is valid for a three-year period from 9-4-1976 to 8-4-1979.
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