Research expenditure exemption: approval requires specified compliance, accounting and audit obligations for university research activities. Exemption under the Income-tax Act for research expenditure has been granted to Mangalore University as a University, subject to utilization of sums for social science or statistical research, conduct of research by faculty or students, maintenance of separate books of account for research receipts and application, submission of an auditor's report by the return due date, and provision of a certified statement of donations and amounts applied for research. Approval is withdrawable for failure to maintain accounts, furnish reports or statements, cease genuine research activity, or otherwise fail to comply with clause (iii) of sub-section (1) of section 35 read with the rules.
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: approval requires specified compliance, accounting and audit obligations for university research activities.
Exemption under the Income-tax Act for research expenditure has been granted to Mangalore University as a University, subject to utilization of sums for social science or statistical research, conduct of research by faculty or students, maintenance of separate books of account for research receipts and application, submission of an auditor's report by the return due date, and provision of a certified statement of donations and amounts applied for research. Approval is withdrawable for failure to maintain accounts, furnish reports or statements, cease genuine research activity, or otherwise fail to comply with clause (iii) of sub-section (1) of section 35 read with the rules.
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