Scientific research exemption approved for an academic institution subject to utilization, separate accounts, audit and reporting conditions. Approval is granted to Chettinad Academy of Research and Education as an Other Institution under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E from assessment year 2010-11, subject to use of sums for scientific research, research carried out by faculty or enrolled students, maintenance of separate books of account for research funds with an auditor's report filed by the income-tax return due date, and a certified statement of donations and sums applied for research; approval is withdrawable for specified failures to comply.
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Scientific research exemption approved for an academic institution subject to utilization, separate accounts, audit and reporting conditions.
Approval is granted to Chettinad Academy of Research and Education as an Other Institution under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E from assessment year 2010-11, subject to use of sums for scientific research, research carried out by faculty or enrolled students, maintenance of separate books of account for research funds with an auditor's report filed by the income-tax return due date, and a certified statement of donations and sums applied for research; approval is withdrawable for specified failures to comply.
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