TMI BlogFor the purpose of Section 35(1)(ii) - organization Zandu Foundation for Health Care, Mumbai has been approvedX X X X Extracts X X X X X X X X Extracts X X X X ..... al information that the organization Zandu Foundation for Health Care, Mumbai 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 1 [ Rules 5C and 5E ] of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2003 in the category of 'other Institution, partly enga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall 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 account referred to in sub-paragraph ( iii ) of paragraph 1; ..... X X X X Extracts X X X X X X X X Extracts X X X X
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