Research funding approval under section 35 permits donations to approved in house R&D units subject to strict accounting and reporting conditions. Approval is granted to M/s. Nissan Ashok Leyland Technologies Ltd. as an other Institution engaged in research under clause (iia) of sub-section (1) of section 35 read with rule 5F for specified assessment years, conditional on use of sums for scientific research, conducting research with company employees and assets, maintenance of separate books of account for research receipts and expenditures, audited accounts and an audited statement of donations, and annual furnishing of a research activity statement; non compliance may prompt Commissioner reporting and withdrawal of approval.
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 funding approval under section 35 permits donations to approved in house R&D units subject to strict accounting and reporting conditions.
Approval is granted to M/s. Nissan Ashok Leyland Technologies Ltd. as an other Institution engaged in research under clause (iia) of sub-section (1) of section 35 read with rule 5F for specified assessment years, conditional on use of sums for scientific research, conducting research with company employees and assets, maintenance of separate books of account for research receipts and expenditures, audited accounts and an audited statement of donations, and annual furnishing of a research activity statement; non compliance may prompt Commissioner reporting and withdrawal of approval.
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