Donation Deduction Compliance: institutions must deliver prescribed statements and obtain approval, affecting donor deduction claims.

Amendment shifts approval authority to the Principal Commissioner or Commissioner and requires institutions or funds to deliver prescribed statements to the income-tax authority, issue donor certificates in prescribed form and follow prescribed application, inquiry, grant, provisional grant, renewal, rejection and cancellation procedures; deduction claims by assessees will be allowed on the basis of information furnished by the institution or fund to the income-tax authority, subject to verification under the Board's risk management strategy, and pending applications are deemed to fall under the new provisional-application category.

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