Notification No. 56

The text, read by machine from the scan

This is not the department’s typed text. The department published this one as a scanned image of a signed paper, so there is no text in the file to copy. What follows was read off that image by optical character recognition and is reproduced without correction — the mistakes you can see are the machine’s, and there may be others you cannot. It is here so the document can be found and read; it is not a substitute for the file, which is linked below. Do not quote from this page.

(LOBE PUBLISHED IN PART HL, SUB-SECTION (1) OF SECTION 3 OF THE GAZETTE OF INDIA) ;
Government of India
Ministry of Finance
. (Department of Revenue)
(Central Board of Direct Taxes)
: zoth :
New Delhi, the July, 2010
Notification :
sO tis hereby notified for generat information that the organization Sardarkrushinagar Dantiwada
\ericultural University, Banaskantha, Gujarat has been approved by the Central Government for the purpose of
Haitise (lj af sub-section (1) of section 35 of the Income-tax Act, 1961 (satd Act), read with Rules SC and SE of the Income-tax
Rules. 1962 (said Rules), from Assessment year 2010-2011 onwards in the category of ‘University’ partly ghgatved iu research activities subsect to the following conditions, namely:-
) Fhe sums patd to the approved organization shall be utilized for scientific research; it} The approved organization shall carry our scientific research through its faculty members or its enrolled students; ii!) The approved organization shall maintain separate books of accounts in respect of the sums received by it for seientific research, reflect therein the amounts used for carrying out research, get such books audited by an accountant as defined in the 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 satd 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) juils fo maintain separate books of accounts referred (o in sub-paragraph (iii) of paragraph |; or (h) fails 10 furnish its audit report referred to in sub-paragraph (iit) of paragraph 1; or (c) fails to furnish its statement of the donations received and sums applied for scientific research referred to in sub-paragraph (iv) of paragraph |; or (cd) ceases to carry on its research activities or its research activities are not found to be genuine: or (c) ceases to conform to and comply with the provisions of clause (it) of sub-section (1) of section 35 of the said
Act read with rules 5C and SE of the said Rules. —~
|
(AJAY GOYAL)
Director (ITA-I1)
Notification No. S@_/2010 (F.No.203/157/2009/1T A-L)
ro ;
The Manager,
Govt. of India Press,
Mayapuri, New Delhi
Copy, lorwarded to:
. The applicant organization, Sardarkrushinagar Dantiwada Agricultural University, Banaskantha,
Gujarat PIN 385 506
lhe Director General of Income Tax (Exemptions), New Delhi s. Comptroller & Auditor General of India.
\. CCLT, Ahmedabad \
i, Concerned File
» Winistry af Law & Justice (Correction Section), New Delhi.
7, Dt (Systems), New Delhi, for placing on the website incometaxindia.gov.in
3. Guard file.
), IPCC, CBDT (4 copies)