Notification u/s 35(1) (ii) - Approved organization - INSTITUTE OF LIVER & BILIARY SCIENCES, NEW DELHI

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ent 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), assessment year 2012-2013 and onwards in the category of "University College and other Institution", engaged in research activities subject to the following conditions, namely:-- (i) The sums paid to the approve....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d 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 if the approved organization:-- (a) fails to maintain separate books of accounts as referred to in sub-paragraph ....