Approved Shri A. M. M. Murugappa Chettiar Research Centre, Madras u/s 35(1)(ii)
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Research-exemption approval under section 35(1)(ii) mandates separate research accounts, annual DSIR returns, audited accounts, and extension procedure.
Approval under clause (ii) of sub-section (1) of section 35 is granted to Shri A. M. M. Murugappa Chettiar Research Centre as an association, conditioned on maintaining separate research accounts, filing annual research activity returns to the Secretary, Department of Scientific and Industrial Research by 31 May, submitting audited annual accounts to the Director-General (Income-tax Exemptions), the Secretary, DSIR, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30 June, and applying for extension in triplicate through the tax jurisdictional officer three months before expiry while sending six copies to the Secretary, DSIR.