For the purpose of Section 35(1)(iii) - organization Matrivani Institute of Experimental Research and Education, Kolkata has been approved - 229/2007 - Income Tax Act, 1961
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Section 35 approval requires research institutions to use funds for scientific research and comply with audit, reporting, and withdrawal rules. Matrivani Institute of Experimental Research and Education, Kolkata is approved from 1 April 2004 as an other Institution partly engaged in research, provided it applies sums for scientific research, conducts research through faculty or enrolled students, maintains books of account and obtains an accountant's audit with the audit report filed by the return due date, and maintains a separately certified statement of donations received and amounts applied for scientific research; approval may be withdrawn for failures including nonmaintenance of books, nonfurnishing of audit or donation statements, cessation of genuine research, or noncompliance with governing 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.
Section 35 approval requires research institutions to use funds for scientific research and comply with audit, reporting, and withdrawal rules.
Matrivani Institute of Experimental Research and Education, Kolkata is approved from 1 April 2004 as an other Institution partly engaged in research, provided it applies sums for scientific research, conducts research through faculty or enrolled students, maintains books of account and obtains an accountant's audit with the audit report filed by the return due date, and maintains a separately certified statement of donations received and amounts applied for scientific research; approval may be withdrawn for failures including nonmaintenance of books, nonfurnishing of audit or donation statements, cessation of genuine research, or noncompliance with governing rules.
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