Research approval under section 35(1)(ii): tax-exempt status contingent on separate accounts, audited reports and genuine research. Approval is granted to Tata Memorial Centre as an other institution partly engaged in scientific research from 1 April 2006, subject to conditions: utilization of sums for scientific research; research conducted by faculty or enrolled students; maintenance of separate books of account for research receipts and expenditures with audit by a qualifying accountant and submission of the audit report to the tax authority by the return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii): tax-exempt status contingent on separate accounts, audited reports and genuine research.
Approval is granted to Tata Memorial Centre as an other institution partly engaged in scientific research from 1 April 2006, subject to conditions: utilization of sums for scientific research; research conducted by faculty or enrolled students; maintenance of separate books of account for research receipts and expenditures with audit by a qualifying accountant and submission of the audit report to the tax authority by the return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report.
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