Exemption u/s 35(1)-Scientific research expenditure-Sinha Institute of Medical Science & Technology, Kolkata

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....e & Technology, Kolkata 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 5E of the Income-tax Rules, 1962 (said Rules), for the Assessment Year 2009-10 onwards in the category of 'Other Institution', partly engaged in research activities subject to the following conditions, nam....

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....ng the return of income under 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 approva....