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[Notification No. 111/2022/F. No. 370142/32/2022-TPL] [Notification No. 49/2022/F.No.370142/6/2022-TPL]
(TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii))  
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Direct Taxes)  
New Delhi, the 11th March, 2019  
Notification  
S.O. It is hereby notified for general information that the organization M/s Institute of Nano Science and Technology, Mohali (PAN:- AAAAI4829E) 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 5D of the Income-tax Rules, 1962 (said Rules), from Assessment year 2018-2019 onwards in the category of‘Scientific Research Association’, subject to the following conditions, namely:-  
(i)            The sole objective of the approved ‘Scientific Research Association’ 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          in respect of the sums received by it for      scientificresearch, 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 (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.(v)           The approved organization shall, by the due date of furnishing the return of income under sub-section (1) of section 139, furnish a statement to the Commissioner of Income-tax or Director of Income-tax containing-  
•      a detailed note on the research work undertaken by it during the previous year;•      a summary of research articles published in national or international journals during the year;•      any patent or other similar rights applied for or registered during the year;•      programme of research projects to be undertaken during the forthcoming year and the financial allocation for such programme.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 1; or(b)           fails to furnish its audit report referred 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               referred to    in sub­paragraph (iv) of paragraph 1; 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 (1) of section 35       of the said Act   readwith rules 5C and 5D of the said Rules.  
2.  
Uh(RajarajesWari R.) Under Secretary to Government of India  
Notification No. 17/2019 (F.No.203/10/2018/ITA-II)ToThe Manager,Govt, of India Press, Mayapuri, New Delhi  
Copy forwarded to:                                                                 .1. The applicant organization, M/s Institute of Nano Science and Technology, Mohalii              Pr. CIT-2, Chandigarh3.             Web Manager, New Delhi, for placing on the website incometaxindia.gov.in4.             ITCC, CBDT (4  copies)5.             Concerned file6.             Guard file.  
   

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