Exemption u/s 35(1) – research activities - International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad

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..... ional Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad 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), from Assessment year 2009-10 onwards in the category of 'Other Insti .....

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..... diction 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. 2. The Central .....

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