Research approval under section 35(1)(ii) conditions donations on strict accounting, audit and disclosure obligations. Central Government approved Jubilee Centre for Medical Research as a University/Institution for research under clause (ii) of sub section (1) of section 35, subject to conditions: sums must be used exclusively for scientific research carried out by faculty or enrolled students; separate books of accounts for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report and an auditor certified statement of donations furnished to the tax authority by the due date; and an annual research activity statement, publications summary, patent information and forthcoming research programme with financial allocation must be submitted.
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Provisions expressly mentioned in the judgment/order text.
Research approval under section 35(1)(ii) conditions donations on strict accounting, audit and disclosure obligations.
Central Government approved Jubilee Centre for Medical Research as a University/Institution for research under clause (ii) of sub section (1) of section 35, subject to conditions: sums must be used exclusively for scientific research carried out by faculty or enrolled students; separate books of accounts for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report and an auditor certified statement of donations furnished to the tax authority by the due date; and an annual research activity statement, publications summary, patent information and forthcoming research programme with financial allocation must be submitted.
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