The Central Govt. approved organization BAIF Development Research Foundation, Pune u/s 35(1)(ii) of the Income-tax Act, 1961

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....eral information that the organization BAIF Development Research Foundation, Pune 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 5C and 5E of the Income-tax Rules. 1962 (said Rules), with effect from 1-4-2007 in the category of 'other institution', partly engaged in research activit....

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....urn 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 [he auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw the approval if the approved organization:....