U/s 35(1) (ii) Of IT Act 1961 Central Government approved M/s Jawaharlal Institute of Postgraduate Medical Education and Research (JIPMER) - 11/2017 - Income Tax
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Research approval for tax benefit: donations must be used exclusively for core scientific research with audit and reporting compliance. Approval for JIPMER as a research institution under clause (ii) of sub-section (1) of section 35 is conditional on exclusive use of received sums for core scientific research, research being carried out by faculty or enrolled students, maintenance of separate books and donation statements, furnishing an auditor's report by the return due date, and provision of an annual research summary; approval may be withdrawn for failure to comply, cessation or non genuine research activity, or diversion of funds.
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.
Research approval for tax benefit: donations must be used exclusively for core scientific research with audit and reporting compliance.
Approval for JIPMER as a research institution under clause (ii) of sub-section (1) of section 35 is conditional on exclusive use of received sums for core scientific research, research being carried out by faculty or enrolled students, maintenance of separate books and donation statements, furnishing an auditor's report by the return due date, and provision of an annual research summary; approval may be withdrawn for failure to comply, cessation or non genuine research activity, or diversion of funds.
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