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U/s 35(1) (ii) of IT Act 1961 Central Government approved “Shardabai Pawar Mahila Arts, Commerce and Science College, College of Agriculture and Allied Sciences & Krishi Vigyan Kendra, Baramati” - 14/2019 - Income Tax Act, 1961
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Approval under section 35(1)(ii) permits research institutions to receive approved research donations subject to strict compliance obligations. Central Government approved three units under Agricultural Development Trust, Baramati as institutions engaged in research for the purposes of clause (ii) of sub-section (1) of section 35, from assessment year 2018-2019, subject to conditions: sums received must be used for scientific research conducted by faculty or students; separate books of accounts for research receipts/expenditure must be maintained and audited with the audit report filed by the return due date; an auditor-certified statement of donations used exclusively for core scientific research must be furnished; and a statement describing research undertaken, publications, patents, and planned programmes with allocations must be filed. Approval may be withdrawn for non-compliance or cessation of genuine research.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) permits research institutions to receive approved research donations subject to strict compliance obligations.
Central Government approved three units under Agricultural Development Trust, Baramati as institutions engaged in research for the purposes of clause (ii) of sub-section (1) of section 35, from assessment year 2018-2019, subject to conditions: sums received must be used for scientific research conducted by faculty or students; separate books of accounts for research receipts/expenditure must be maintained and audited with the audit report filed by the return due date; an auditor-certified statement of donations used exclusively for core scientific research must be furnished; and a statement describing research undertaken, publications, patents, and planned programmes with allocations must be filed. Approval may be withdrawn for non-compliance or cessation of genuine research.
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