Research expenditure exemption granted; society approved for tax benefit subject to audit, donation tracking and bona fide research compliance. Approval is granted to the Indian Society of International Law as an Other Institution partly engaged in research for the research-expenditure tax exemption, effective from assessment year 2010-11, on condition that funds are used for social science research; research is carried out by faculty or enrolled students; books are maintained and audited with the audit report furnished to the tax authority by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied to research is maintained. Approval may be withdrawn for noncompliance or cessation of genuine research activity.
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 granted; society approved for tax benefit subject to audit, donation tracking and bona fide research compliance.
Approval is granted to the Indian Society of International Law as an Other Institution partly engaged in research for the research-expenditure tax exemption, effective from assessment year 2010-11, on condition that funds are used for social science research; research is carried out by faculty or enrolled students; books are maintained and audited with the audit report furnished to the tax authority by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied to research is maintained. Approval may be withdrawn for noncompliance or cessation of genuine research activity.
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