Tax exemption under section 35CCB grants conditional recognition to conservation programmes with specified accounting and annual reporting obligations. Approval is granted to The Environmental Society, Madras and to three specified programmes for purposes of section 35CCB, conferring eligibility for tax-exempt donations for those programmes for a defined three-year period. The approval is conditional on maintaining a separate donations account, furnishing annual progress reports and audited accounts to the prescribed authority and the Income-tax Commissioners by specified dates, submitting earlier programme reports, and remaining subject to continued satisfaction of the prescribed authority, which may withdraw approval retrospectively.
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.
Tax exemption under section 35CCB grants conditional recognition to conservation programmes with specified accounting and annual reporting obligations.
Approval is granted to The Environmental Society, Madras and to three specified programmes for purposes of section 35CCB, conferring eligibility for tax-exempt donations for those programmes for a defined three-year period. The approval is conditional on maintaining a separate donations account, furnishing annual progress reports and audited accounts to the prescribed authority and the Income-tax Commissioners by specified dates, submitting earlier programme reports, and remaining subject to continued satisfaction of the prescribed authority, which may withdraw approval retrospectively.
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