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Application Form From Scientific And Industrial Research Organisations For Approval Under Section 35 Of The Income-Tax Act (Application To Settlement Commission)

The purpose of this Form No. 3CG is served under Section 35 (2AA) of Income tax act, 1961 and Rule 6(3) of Income tax Rules, 1962. The application for obtaining approval under section 35 (2AA) shall be made by a sponsor in Form No. 3CG. Where the assessee pays any sum to a National Laboratory  or a University or an IIT with a specific direction that the said sum shall be used for scientific research undertaken under a programme approved in this behalf by the prescribed authority, then that person shall be allowed a deduction of a sum equal to one and one fourth times the sum so paid; and no deduction in respect of such sum shall be allowed under any other provision of this Act provided that every National Laboratory or University or IIT desirous of obtaining approval under this sub- section shall make an application in the prescribed form and manner to the prescribed authority: Provided further that the prescribed authority may, before granting approval, call for such documents or information from the National Laboratory or the University or IIT as it thinks necessary in order to satisfy itself about the genuineness of the activities relating to scientific research of such institution as the case may be, where national laboratory means a scientific laboratory at national level.

 

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