Approval under section 35(1)(ii) permits research donations subject to separate accounts, audited reports, and certified donation statements. Approval under Sec. 35(1)(ii) recognizes the organization as an 'other Institution' partly engaged in scientific research, conditioned on utilization of sums for research, conducting research via faculty or enrolled students, maintaining separate books for research receipts and expenditures, obtaining an audit by a qualified accountant and furnishing the audit report by the return due date, and providing a separately certified statement of donations and amounts applied to scientific 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) permits research donations subject to separate accounts, audited reports, and certified donation statements.
Approval under Sec. 35(1)(ii) recognizes the organization as an 'other Institution' partly engaged in scientific research, conditioned on utilization of sums for research, conducting research via faculty or enrolled students, maintaining separate books for research receipts and expenditures, obtaining an audit by a qualified accountant and furnishing the audit report by the return due date, and providing a separately certified statement of donations and amounts applied to scientific research.
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