Notification No. 88/2010

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 Do not quote from this page.

‘TS BE PUBLISHED IN DART Il. SUB-SECTION (i; OF SECTION 3OF THE GAZETTE OF INCIA:
Government of India
Ministry of Finance (Department of Revenue)
(Central Board of Direct Taxes)
New Dethi, the £4 December, 2010
Notification .

5.0. It is hereby notthed for general information that the organization Indian Institute of

Technology, Hyderabad, Kandi, Andhra Pradesh has been approved by the Central Government far the

purpese of clause (Il) of sub-section (1) of section 35 of the Income-tax Act, 196° (said Act), read with Rules .

BC and SE of the Income-tax Rules, 1962 (said Rules), from Assessment Year 2010-11 onwards in tne

category of ‘other Institution’, partly engaged in research activities subject to the following conditions.

namely:-

(t} 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 ks enrolled students;

(ik} The approves organization shall maintain separate books of accounts in respect of tne sums received by it for scientific 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 286 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 retum of income under sub-section (1} of section 139 of the said Act;

(iv) The approved organization shat! 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 repor: 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 fumish its audit report referred to in sub-paragraph (iii) of paragraph 1; or (c) faiis to furnish its statement of the donations received and sums applied for scientific research referred to in sub-paragraph (iv) of paragraph 1, or (d) ceases to carry on its research activities or its research activities are not found to be genuine; or (e} ceases to conform to and comply with the provisions of clause (fi) of sub-section (1} of section 35
of the said Act read with rules 5C and SE of the said Rules. CR
{A GOYAL)
Director {/TA-II)
Notification No. BY 010 (F.No. 203/16/2010-ITA (if)
To
The Manager,
Govt of India Press,
Mayapuri, New Delhi
Copy fanwarded to: .

1. The applicant organisation.

2. The Director General of Income tax (Exemptions), New Delhi.

3. Comptroller & Auditor General of india.

4. CCIT-l, Hyderabad ‘

5. Concerned File .

6. Ministty of Law & Justice (Correction Section), New Delhi. a .

7. niT/Systems), New Delhi, for placing on the website incometaxindia.gov.in &) wa

8. Guard file. _ ———+ y

9. ITSS, CBDT (4copies) | a co Cant

rrr: Pre | .

miehy HY gy {AJAY GOYAL)
wee “— : ay) i Director {iTA-il)

Lo

WINS STDS wa | WE SF Shwe i) S weer ana Goa lar Aaa (iFeg fase)
Pee WET ay ats; ae faeet, fete | a 20-6,
Qilize Gal
Rar. Aeareny Ai sree 3 fete CARERT WE stergfas Ser siret # Ro dex eae ger ater feraaract, 1962 Gar feorest) & Fra Sar tt Ss. & are wits araar afften, 1961 (aH after dr
UR 35 ar SGOT (1) we Gil vara ax freer ad 20102011 wy Steet SCRE 3 tanatsH, eavreTe, Reg], SET FER w faeatahae acl & ie: arte. eo amqiemr armarct # mt ‘amr deur #
Awtt A srepatite fer aren aria -
{i} Sepia arse Ht veer TY ae sual thf Haren & fae fie arom -
(ir) SN Brae stem Here Tara sree amet Aoife arth ncaa Aenise are ATT, (iii! aya eaten Saree sages & Fae ser gra set OAT a Hat ot ara aaat wet weer ea
Sega seer & fae syae TAY aes mg a, sae afer A OMT 288 er se UTD (2) & saRmET Suny
Sfarise Fen arene & et aTeraet Ae Ga her aaa te ser afieies A emT 139 A sa ee 1s
SMe are Renet vega wer a tat BR aa Aare are efter sealer w weautta dar ther fee
Five) CISTTOR TS AT, AME SRSA gar are Lea MR at on (wv) Ha ae Heroes afer ain Tere Ser alate sas aR ar sie, Fear rater athe sede fer wer Fests & are Arar aierar gre falas eeanftte Oe fearon A oS weger ate .
2. Oe UUAN UE Hee aT & at ale ae Hero (mh) Sera 1 @ Sutra fii} 4 ofa car att at wear ser fw) Rear 1 Se-SaeH (iit) A sia aaah Ga wer Rue weer agi ten: arerer (aT me 1 & saa (iv) A iene Sai reper & Ae one ai we were eo ar faaqur
THY Ae SUT, sear ; (8 SST HAT sar AAT aig AT Aa sree Geek Steen? a wt Gt aeT-GRE STAT: sear (Fr Sel fetuarerit & feta Sar gi 5s, a any ofa sea aft A unr 35 & -sceng (1) & Be (ip
Braet a aeper ae ee RT SaAT Ort wet ITT
; ° (Ah
. fee ara 11)
{0F.203/16/2010-srr-m FF -1))
wa A, _ :
Tati,
ATEGNS, ay fect
Tee: Sie Ue Vet)