Prescribes 'Scientific Research Association' under Section 35 of the Income Tax Act, 1961

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....venue) (Central Board of Direct Taxes) New Delhi, the 7th January, 2009 Notification No. 07/2009 S.O. 86.- It is hereby notified for general information that the organization Centre for Liquid Crystal Research, Bangalore, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5D ....

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....r sub-section (1) of section 139 of the said Act; (iv) The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw the approval it the approved organization: (a) fails to mai....