Section 35AC - Eligible projects or schemes - M/s. Nissan Ashok Leyland Technologies Ltd., Khivaraj Complex II, 4th Floor, 477-482, Anna Salai, Nandanam - Chennai

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....ai Dated 22-2-2010 S.O. 1432.- It is hereby notified for general information that the company M/s. Nissan Ashok Leyland Technologies Ltd., Khivaraj Complex II, 4th Floor, 477-482, Anna Salai, Nandanam, Chennai 600 035, (already granted recognition for its in-housc R&D units by the Ministry of Science and Technology, Government of India, New Delhi vide their order dated August 28, 2009 in F. No. ....

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.... amounts used for carrying on research, get such books of account audited by an accountant as defined in the Explanation to sub-section (2) of section 288 of the said Act and furnish the report of such audit duly signed and verified by such accountant to the Commissioner of Income-tax or the Director of Income-tax having jurisdiction over the case by the due date of furnishing the return of income....

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....or or registered during the year ; (iv) programme of research projects to be undertaken during the forthcoming year and the financial allocation for such projects ; (f) If the Commissioner of Income-tax is satisfied that the company - (i) is not maintaining separate books of account for research activities, or (ii) has failed to furnish its audit report, or (iii) has not furnished the stateme....