Tax approval for research institutions requires audit, certified donation accounting and may be withdrawn for noncompliance. Approval is granted to the National Institute of Immunology, New Delhi, as an approved organization for purposes of Section 35(1)(ii) in the category of other Institution, effective 1-4-2004, subject to conditions: sums must be used for scientific research; research carried out by faculty or enrolled students; books of account maintained and audited with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations and amounts applied for research must accompany the audit report. The Central Government may withdraw approval for failures in these respects or if research is not genuine or compliant.
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Provisions expressly mentioned in the judgment/order text.
Tax approval for research institutions requires audit, certified donation accounting and may be withdrawn for noncompliance.
Approval is granted to the National Institute of Immunology, New Delhi, as an approved organization for purposes of Section 35(1)(ii) in the category of other Institution, effective 1-4-2004, subject to conditions: sums must be used for scientific research; research carried out by faculty or enrolled students; books of account maintained and audited with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations and amounts applied for research must accompany the audit report. The Central Government may withdraw approval for failures in these respects or if research is not genuine or compliant.
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