notification no. 99/2019 f.no. 203/04/2019/ita ii

Document text

(TO BE PUBLISHED IN PART II, SUB-SECTION (ii) OF SECTION 3 EXTRA ORDINARY OF THE GAZETrE OF INDIA) Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) Notification New Delhi, the ~ 1 November, 2019 S,O, It is hereby notified for general infomlation that the organization Mis International Centre for Research in Agroforestry, South Asia Regional Programme, NASC Complex, Delhi (ICRAF) (PAN:- AAATI4803K) has been approved by the Central Government for the purpose of clause (ii) of sub-section (I) of scction 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 2019- 2020 onwards in the category of 'Scientific Research Association', subject to the following conditions, namely:- (i) The sale objective of the approved Organization shall be to undeJiake scientific research; (ii) The approved organization shall carry out scientific research by itself; (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 can-ying 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 fumish the repOli 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 furn ishing 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 celiified by the auditor shall accompany the report of audit refen'ed to above, (The approved organization shall receive grants/donations u/s,35( 1 )(ii) of the said Act after taking prior permission from the Indian Council of Agricultural Research (ICAR)/Department of Agricultural Research and Education (DARE), Ministry of Agriculture & Fanners' Welfare and the grants/donations so received shall be exclusively uti lized for the purpose of conducting research in India only. 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 refelTed to in sub-paragraph (iii) of paragraph 1; or (c) fails to furnish its statement of the donations received and sums applied for scientific research refelTed to in sub-paragraph (iv) of paragraph 1; or (d) ceases to canoy on its research activities or its research activities are not found to be genuine; or (e) ceases to confonn to and comply with the provisions of clause (ii) of sub-section (1) of section 35 of the said Act read with rules 5C and 5D of the said Rules, (Rajarajcswari R) Under Secretary to Government of India Notification No, !l+-J2019 (F. No, 203/0412019/ITA-ll) To The Manager, Gov!' of India Press, Mayapuri, New Delhi Copy forwarded to: - I. The applicant organization, MIs International Centre for Research in Agroforcstry, Delhi 2. The Secretary, DARE, Ministry of Agriculture and Fanners' Welfare, Delhi 3. The Director General, Indian council of Agricultural Research, Delhi ~ .' CCIT (Exemption), Delhi 5. CIT (Exemption), Delhi 6. ITCC, CBDT (4 copies) 7. Web Manager, New Delhi, for placing on the website www.incometaxindia.goY.in 8. Concemed file 9. Guard file Under Secretary to Government of India