Research exemption under Section 35(1)(ii) enables donations to approved institutions subject to documentary and audit compliance. Approval granted to Arogyaseva Medical Academy as an approved institution for Income Tax exemption under clause (ii) of subsection (1) of section 35, subject to: utilization of sums for scientific research; research conducted by faculty or enrolled students; maintenance of separate books of account for research receipts with an accountant-certified audit report filed by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied for research accompanying the audit report. Approval may be withdrawn for failures in these compliance obligations or if research is not genuine.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 exemption under Section 35(1)(ii) enables donations to approved institutions subject to documentary and audit compliance.
Approval granted to Arogyaseva Medical Academy as an approved institution for Income Tax exemption under clause (ii) of subsection (1) of section 35, subject to: utilization of sums for scientific research; research conducted by faculty or enrolled students; maintenance of separate books of account for research receipts with an accountant-certified audit report filed by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied for research accompanying the audit report. Approval may be withdrawn for failures in these compliance obligations or if research is not genuine.
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