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Approval of Indian Institute of Technology Samantapuri Bhubaneswar for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act 1961 read with Rules 5C and 5E of the Income-tax Rules 1962

Income Tax - 40/2015 - Dated:- 15-4-2015 - (TO BE PUBLISHED IN PART 11, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETTE OF INDIA) Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) Notification 40/2015 New Delhi, the 15th April, 2015 S.O. - It is hereby notified for general information that the organization Indian Institute of Technology Samantapuri Bhubaneswar (PAN - AAAAI2760A) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) o .....

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ut scientific research through its faculty members or its enrolled students; (iii) The approved organization shall maintain separate books of accounts in respect of the 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 288 of the said Act and furnish the report of such audit duly signed and verified by such accountant to the Commissioner of In .....

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