Approval under Section 35(1)(ii) of the Income Tax Act, 1961 for Indian Institute of Technology (IIT) Bombay

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....se of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) (the Act) read with Rules 5C and 5E of the Income-tax Rules, 1962 (the Rules), the Central Government hereby approves 'Indian Institute of Technology' (IIT) Bombay, (PAN: AAATI1446A), for 'Scientific Research' under the category of 'University, college or other institution' for the p....

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....ore the 31st May, immediately following the financial year in which the donation is received, as prescribed in Rule 18AB of the Income-tax Rules, 1962. Provided that such university, college or other institution may also deliver to the prescribed authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement delivered und....