Research expenditure exemption requires approved organisation to use donations for scientific research and comply with audit reporting. Approval is granted to Fluorosis Research & Rural Development Foundation as an approved 'Other Institution' for the purpose of research expenditure under section 35(1)(ii), subject to conditions: sums must be utilised for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditures maintained and audited by a qualified accountant with the audit report furnished by the return filing due date; and a separate, auditor certified statement of donations received and amounts applied for scientific research must accompany the audit report.
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 expenditure exemption requires approved organisation to use donations for scientific research and comply with audit reporting.
Approval is granted to Fluorosis Research & Rural Development Foundation as an approved "Other Institution" for the purpose of research expenditure under section 35(1)(ii), subject to conditions: sums must be utilised for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditures maintained and audited by a qualified accountant with the audit report furnished by the return filing due date; and a separate, auditor certified statement of donations received and amounts applied for scientific research must accompany the audit report.
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