Approval and reporting requirements: institutions must obtain Commissioner approval and submit prescribed donation statements for donor deduction verification.

Amendment requires institutions or funds to obtain approval from the Principal Commissioner or Commissioner, prepare and deliver prescribed periodic statements (with correction statements permitted), and furnish prescribed donor certificates. The Commissioner may call for documents, inquire into genuineness and compliance, and must pass orders granting provisional or fixed-term approvals or rejecting/cancelling after hearing within prescribed time limits. Donations claimed by taxpayers will be allowed based on information furnished by institutions to the prescribed authority, subject to verification under the Board's risk management strategy.

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