Approval under section 35(1)(ii) for research funding imposes audit, separate accounts and certified donation reporting for institutions. Approval is granted to Amrita Vishwa Vidhyapetham University, Kochi, as an approved organization for payments for scientific research subject to conditions: utilization of sums for scientific research carried out by faculty or enrolled students; maintenance of separate books of accounts for research receipts and expenditures with audit by a qualified accountant and submission of the audit report by the income-tax return due date; and maintenance of a separate auditor-certified statement of donations received and amounts applied for scientific research.
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 under section 35(1)(ii) for research funding imposes audit, separate accounts and certified donation reporting for institutions.
Approval is granted to Amrita Vishwa Vidhyapetham University, Kochi, as an approved organization for payments for scientific research subject to conditions: utilization of sums for scientific research carried out by faculty or enrolled students; maintenance of separate books of accounts for research receipts and expenditures with audit by a qualified accountant and submission of the audit report by the income-tax return due date; and maintenance of a separate auditor-certified statement of donations received and amounts applied for scientific research.
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