Approval for research institution tax status requires separate accounts, auditor certification, and continued genuine research compliance. Approval is granted to Sir Ganga Ram Trust Society as an other institution partly engaged in scientific research, subject to conditions: sums paid must be used for scientific research; research must be conducted by faculty or enrolled students; separate books of account for research receipts and disbursements must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a separately certified statement of donations received and sums applied to research must accompany the audit report. The Central Government may withdraw approval for specified failures or noncompliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval for research institution tax status requires separate accounts, auditor certification, and continued genuine research compliance.
Approval is granted to Sir Ganga Ram Trust Society as an other institution partly engaged in scientific research, subject to conditions: sums paid must be used for scientific research; research must be conducted by faculty or enrolled students; separate books of account for research receipts and disbursements must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a separately certified statement of donations received and sums applied to research must accompany the audit report. The Central Government may withdraw approval for specified failures or noncompliance.
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