Maharashtra Association for the Cultivation of Science, Pune, has been approved for the purpose of section 35(1)(ii) of the Income-tax Act, 1961

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....25-6-2009 S.O. 1831. - It is hereby notified for general information that the organization Maharashtra Association for the Cultivation of Science, Pune 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 of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2008 in ....

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....ganization 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 if the approved organization:- (a) fails to maintain books of account referred to in sub-paragraph (iii) of paragraph....