U/s 35(1) (ii) of IT Act 1961 Central Government approved M/s International Centre for Research in Agroforestry, South Asia Regional Programme, NASC Complex, Delhi - 99/2019 - Income Tax Act, 1961
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Scientific Research Association approval permits research donations subject to audit, ICAR permission, separate accounts and exclusive domestic use. Approval under section 35(1)(ii) designates ICRAF as a Scientific Research Association authorised to accept research grants/donations subject to conditions: sole objective of scientific research, direct conduct of research, maintenance of separate books for research receipts and expenditures, audit by a qualified accountant with submission of the audit report and a certified statement of donations and their application by the income-tax return due date, prior ICAR/DARE permission for grants, exclusive utilisation for research in India, and potential withdrawal of approval for non-compliance or cessation/non-genuineness of research activities.
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.
Scientific Research Association approval permits research donations subject to audit, ICAR permission, separate accounts and exclusive domestic use.
Approval under section 35(1)(ii) designates ICRAF as a Scientific Research Association authorised to accept research grants/donations subject to conditions: sole objective of scientific research, direct conduct of research, maintenance of separate books for research receipts and expenditures, audit by a qualified accountant with submission of the audit report and a certified statement of donations and their application by the income-tax return due date, prior ICAR/DARE permission for grants, exclusive utilisation for research in India, and potential withdrawal of approval for non-compliance or cessation/non-genuineness of research activities.
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