National Horticulture Research and Development Foundation, Nasik has been approved for the purpose of section 35(1)(ii) of the Income-tax Act, 1961 - 50/2009 - Income Tax Act, 1961
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Research approval under section 35(1)(ii): compliance with audit, accounting and use-of-funds conditions required or approval may be withdrawn. Approval is granted to National Horticulture Research and Development Foundation, Nasik as an approval under section 35(1)(ii) for tax purposes as an 'other Institution' partly engaged in research from 1 4 2008, subject to conditions: sums must be used for scientific research; research conducted by faculty or enrolled students; separate books of account for research receipts must be maintained and audited with the audit report furnished by the income tax return due date; and a separate auditor certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for specified noncompliance.
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 approval under section 35(1)(ii): compliance with audit, accounting and use-of-funds conditions required or approval may be withdrawn.
Approval is granted to National Horticulture Research and Development Foundation, Nasik as an approval under section 35(1)(ii) for tax purposes as an 'other Institution' partly engaged in research from 1 4 2008, subject to conditions: sums must be used for scientific research; research conducted by faculty or enrolled students; separate books of account for research receipts must be maintained and audited with the audit report furnished by the income tax return due date; and a separate auditor certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for specified noncompliance.
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