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Approval under Section 35(1)(ii) confirms research exemption status subject to audit, recordkeeping, and withdrawal grounds. The Institute of Pulmocare & Research, Kolkata is approved as an other Institution under clause (ii) of sub-section (1) of Section 35 with effect from 1-4-2007, subject to conditions: sums must be used for scientific research; research must be carried out through faculty or enrolled students; books of account must be maintained and audited by a qualified accountant with the audit report furnished by the income-tax return due date; and a separate, auditor-certified statement of donations received and amounts applied for research must be maintained. Approval may be withdrawn for failures in recordkeeping, audit reporting, donation statements, genuine research activity, or compliance with the statutory provisions and Rules 5C and 5E.
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) confirms research exemption status subject to audit, recordkeeping, and withdrawal grounds.
The Institute of Pulmocare & Research, Kolkata is approved as an other Institution under clause (ii) of sub-section (1) of Section 35 with effect from 1-4-2007, subject to conditions: sums must be used for scientific research; research must be carried out through faculty or enrolled students; books of account must be maintained and audited by a qualified accountant with the audit report furnished by the income-tax return due date; and a separate, auditor-certified statement of donations received and amounts applied for research must be maintained. Approval may be withdrawn for failures in recordkeeping, audit reporting, donation statements, genuine research activity, or compliance with the statutory provisions and Rules 5C and 5E.
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