TaxTMI 
TaxTMI 
Withdrawal of Notifications granting approval u/s 35(1)(ii) of the Income-tax Act, 1961 in some cases
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....etails are as follows: S. No. Name of the case in which the approval was withdrawn Earlier Notifications granting approval u/s 35 (1) (ii) Notification issued withdrawing the approval now 1 Matrivani Institute of Experimental Research and Education, Kolkata (PAN : AABTM0125H) Notification No 229/2007/F. No. 203/29/2005-ITA.II dated 21st August 2007 (1-A) Notification No. 78/2016/F. No. 203/29/2005/ITA.II dated 6th September, 2016 (1-B) 2 Herbicure Health Bio-Herbal Research Foundation, Kolkata (PAN ; AABCH4849J) Notification No 35/2008/F. No. 203/135/2007/ITA.II dated 14th March, 2008 (2-A) Notification No. 79/2016/F. No. 203/135/2007/ITA.II dated 6th September, 2016 (2-B) 3 M/s School of Genetic....
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....e 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 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 books of accounts referred to' in sub-paragraph (iii) of paragraph 1; or (b) fails to fu....
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....rch, 2008 S.O. 798 .- It is hereby notified for general information that the organization Herbicure Healthcare Bio- Herbal Research Foundation, 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 SC and SE of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2007 in the category of 'Other Institution', partly engaged in research . activities subject to the following conditions, namely :- (i) The sums paid to the approved organization shall be utilized for scientific research; . (ii) The approved organization shall carry out scientific research through its faculty members or its enrolled students: ....
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....tion 35 of the said Act read with rules 5C and SE of the said Rules. [Notification No. 35/2008/F. No. 203/135/2007/ITA-II] SURENDER PAL, Under Secy. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th September, 2016 S.O. 2882(E) .- In exercise of the powers conferred under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules 5C and 5E of the Income-tax Rules, 1962, the Central Government hereby rescinds the notification of the Government of India, Ministry of Finance, Department of Revenue number 35/2008 dated 14th March, 2008 published in the Gazette of India, Part II, Section 3, Subsection (ii) vide S.O. 798 dated 14th March, 2008....
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....rified 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 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 referred to in sub-paragraph (iii) of paragraph 1 ; or (b) fails to furnish its audit report referred to in sub- paragraph (iii) of....