Approval of Indian Institute of Technology Samantapuri Bhubaneswar for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rules 5C and 5E of the Income-tax Rules, 1962 - 40/2015 - Income Tax Act, 1961

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Approval under section 35 grants research-focused tax recognition subject to exclusive utilisation, audit reporting, certified donation statements and withdrawal for noncompliance. Approval is granted to Indian Institute of Technology Samantapuri Bhubaneswar as an institution engaged in scientific research, subject to using received sums only for research, conducting research through faculty or enrolled students, maintaining separate books of account, obtaining an audit by a qualified accountant and furnishing the audit report and a certified statement of donations and research expenditures to the tax authority by the due date for filing the income-tax return.

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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 grants research-focused tax recognition subject to exclusive utilisation, audit reporting, certified donation statements and withdrawal for noncompliance.

Approval is granted to Indian Institute of Technology Samantapuri Bhubaneswar as an institution engaged in scientific research, subject to using received sums only for research, conducting research through faculty or enrolled students, maintaining separate books of account, obtaining an audit by a qualified accountant and furnishing the audit report and a certified statement of donations and research expenditures to the tax authority by the due date for filing the income-tax return.

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Approval of Indian Institute of Technology Samantapuri Bhubaneswar for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rules 5C and 5E of the Income-tax Rules, 1962 - 40/2015 - Income Tax Act, 1961

Approval under section 35 grants research-focused tax recognition subject to exclusive utilisation, audit reporting, certified donation statements and withdrawal for noncompliance.

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Approval of Indian Institute of Technology Samantapuri Bhubaneswar for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rules 5C and 5E of the Income-tax Rules, 1962 - 40/2015 - Income Tax Act, 1961

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Approval under section 35 grants research-focused tax recognition subject to exclusive utilisation, audit reporting, certified donation statements and withdrawal for noncompliance.

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