Section 35(1)(ii) of the Income-tax Act, 1961 - Scientific research expenditure - Banasthali University, Rajasthan Approved as scientific research associations/institutions

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..... h associations/institutions Notification No. S.O. No. 21, dated 25-2-2009 It is hereby notified for general information that the organization Banasthali University, Rajasthan 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 .....

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..... 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 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 the auditor shall accompany the report of audit referred to above .....

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