Research institution approval for tax exemption - conditional recognition subject to audit, separate accounts, and genuine research. Approval is granted to Herbicure Healthcare Bio-Herbal Research Foundation as an 'other Institution' partly engaged in scientific research under the cited tax provisions, subject to conditions: use of sums for scientific research; research performed by faculty or enrolled students; maintenance of separate books of account for research receipts and expenditures; submission of an auditor-signed audit report and a certified statement of donations and amounts applied for research by the income-tax return due date. The Central Government may withdraw approval for failures in accounting, reporting, genuine research activity, or noncompliance with the governing provisions.
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 institution approval for tax exemption - conditional recognition subject to audit, separate accounts, and genuine research.
Approval is granted to Herbicure Healthcare Bio-Herbal Research Foundation as an 'other Institution' partly engaged in scientific research under the cited tax provisions, subject to conditions: use of sums for scientific research; research performed by faculty or enrolled students; maintenance of separate books of account for research receipts and expenditures; submission of an auditor-signed audit report and a certified statement of donations and amounts applied for research by the income-tax return due date. The Central Government may withdraw approval for failures in accounting, reporting, genuine research activity, or noncompliance with the governing provisions.
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