U/s 35(1) (ii) of IT Act 1961 Central Government approved M/s Institute of Nano Science and Technology, Mohali

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.... S.O. 1354 (E)  - It is hereby notified for general information that the organization M/s Institute of Nano Science and Technology, Mohali (PAN:- AAAA14829E) 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), from Assessment ye....

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....missioner of Income-tax or the Director of Income-tax having jurisdiction over the case, by the due date of furnishing 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....

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....he approved organization:- (a)   fails to maintain separate books of accounts referred to in sub-paragraph (iii) of paragraph 1; or (b)   fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or (c)   fails to furnish its statement of the donations received and sums applied for scientific research referred to in subparagraph (iv....