(TO BE PUBLISHED IN PART /I, SUB-SECTION (ii) OF SECTION 3 OF THE GAZETIE OF INDIA)
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Direct Taxes)
Notification
,J
New Delhi, the :J..
January, 2017
S.O . .:I ~ p) It is hereby notified for general information that the organization TAT A Translational Cancer Research
Centre('TICRC' ) under the aegis of TAT A Medical Centre Trust (PAN:- AABTT2222Q) has been approved by the
Central Government for the purpose of clause (ii) of sub-section (I) of section 35 of the Income-tax Act, 1961 (said
Act), read with Rules 5C and 5D of the Income-tax Rules, 1962 (said Rules), from Assessment year 2016-2017
onwards in the category of 'Scientific Research Association', subject to the following conditions, namely:-
(i)
The sole objective of the approved 'Scientific Research Association' 'TICRC' shall be to undertake
scientific research;
(ii)
The approved organization shall carry out scientific research by itself;
(iii)
The approved organization shall maintain separate books of accounts for 'TICRC' 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
Income-tax or the Director of Income-tax having jurisdiction over the case, by the due date of furnishing the
return of income under sub-section (I) 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 for 'TICRC' 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 separate books of accounts referred to in sub-paragraph (iii) of paragraph I; or
(b)
fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph I; or
(c)
fails to furnish its statement of the donations received and sums applied for scientific research
referred to in sub-paragraph (iv) of paragraph I; or
(d)
ceases to carry on its research activities or its research activities are not found to be genuine; or
(e)
ceases to conform to and comply with the provisions of clause (ii) of sub-section (I) of section 35
of the said Act read with rules 5C and 5D of the said Rules.
Notification No.~2017
(F.No.203/4112015/IT A-II)
To
The Manager,
Govt. of India Press,
Mayapuri, New Delhi
Copy forwarded to:
(Ankita Pandey)
Under Secretary to Government ofindia
I.
The applicant organization, MIs TAT A Translational Cancer Research Centre ('TICRC')
2.
CIT (E), New Delhi
3.
Web Manager, New Delhi, for placing on the website incometaxindia.gov.in
4.
ITCC, CBDT (4 copies)
5.
Concerned file
/.
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6.
Guard file.
I' elY'
(Ankita Pandey)
Under Secretary to Government ofindia
