U/s 35(1) (ii) / (iii) of IT Act 1961 Central Government approved M/s Indian Institute of Technology (Indian School of Mines), Dhanbad

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.... S.O. 74(E).-It is hereby notified for general information that the organization M/s Indian Institute of Technology (Indian School of Mines), Dhanbad (PAN:- AAAAI0686D) has been approved by the Central Government for the purpose of clause (ii)/(iii) 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), from As....

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....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 under sub-section (1) of section 139 of the said Act;  (iv) The approved organization shall m....

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....¢ programme of research projects to be undertaken during the forthcoming year and the financial allocation for such programme. 2. The Central Government shall withdraw the approval if the 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-para....