Research approval enables donations to qualify for income tax relief, subject to accounting, audit and reporting compliance. Approval is granted to Eye Research Centre as an approved institution for income tax relief for scientific research, subject to conditions that receipts be used for research, research be conducted by faculty or enrolled students, separate books of account be maintained and audited by a qualified accountant with the audit report and a certified statement of donations and application of funds furnished to the tax authority by the return due date; the Central Government may withdraw approval for failure to comply or if research is not genuine.
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 enables donations to qualify for income tax relief, subject to accounting, audit and reporting compliance.
Approval is granted to Eye Research Centre as an approved institution for income tax relief for scientific research, subject to conditions that receipts be used for research, research be conducted by faculty or enrolled students, separate books of account be maintained and audited by a qualified accountant with the audit report and a certified statement of donations and application of funds furnished to the tax authority by the return due date; the Central Government may withdraw approval for failure to comply or if research is not genuine.
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