Approval under Section 35(1)(ii): research-donation eligibility requires separate accounts, audited filing, and auditor certification. Approval under Section 35(1)(ii) designates Eye Research Centre, Chennai as eligible to receive deductible research donations as an other institution partly engaged in research, subject to maintaining separate research accounts, filing audited Income & Expenditure accounts for each approved year with the tax authority within the prescribed time, and furnishing an auditor's certificate specifying donor-eligible receipts and certifying that the expenditures were for scientific research.
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.
Approval under Section 35(1)(ii): research-donation eligibility requires separate accounts, audited filing, and auditor certification.
Approval under Section 35(1)(ii) designates Eye Research Centre, Chennai as eligible to receive deductible research donations as an other institution partly engaged in research, subject to maintaining separate research accounts, filing audited Income & Expenditure accounts for each approved year with the tax authority within the prescribed time, and furnishing an auditor's certificate specifying donor-eligible receipts and certifying that the expenditures were for scientific research.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
