Research institution approval under tax law requires use of funds for scientific research and audited, separate accounts. Cancer Institute (WIA), Chennai is approved under clause (ii) of sub-section (1) of section 35 as an other institution partly engaged in research from 1 April 2008, subject to conditions that donations be used for scientific research, research be carried out by faculty or enrolled students, separate books of account for research receipts and expenditures be maintained and audited with the audit report and an auditor-certified statement of donations and application of sums furnished to the tax authority by the return filing due date; approval may be withdrawn for failures to maintain accounts, furnish reports, or for cessation or non-genuineness of research.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.
Research institution approval under tax law requires use of funds for scientific research and audited, separate accounts.
Cancer Institute (WIA), Chennai is approved under clause (ii) of sub-section (1) of section 35 as an other institution partly engaged in research from 1 April 2008, subject to conditions that donations be used for scientific research, research be carried out by faculty or enrolled students, separate books of account for research receipts and expenditures be maintained and audited with the audit report and an auditor-certified statement of donations and application of sums furnished to the tax authority by the return filing due date; approval may be withdrawn for failures to maintain accounts, furnish reports, or for cessation or non-genuineness of research.
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