Approval under Section 35(1)(ii) grants research-institution status subject to audit, reporting and bona fide research conditions. National Institute of Advanced Studies, Bangalore is approved as an other institution partly engaged in scientific research for purposes of section 35(1)(ii), effective 1-4-2007, subject to conditions: sums must be used for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report furnished to tax authorities by the return due date; and a separate auditor-certified statement of donations received and amounts applied for research must be maintained and furnished. Approval may be withdrawn for noncompliance or cessation of genuine research.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) grants research-institution status subject to audit, reporting and bona fide research conditions.
National Institute of Advanced Studies, Bangalore is approved as an other institution partly engaged in scientific research for purposes of section 35(1)(ii), effective 1-4-2007, subject to conditions: sums must be used for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report furnished to tax authorities by the return due date; and a separate auditor-certified statement of donations received and amounts applied for research must be maintained and furnished. Approval may be withdrawn for noncompliance or cessation of genuine research.
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