Approval under Section 35(1)(ii) conditions donations for research, requiring separate audited accounts and risking withdrawal for noncompliance. Scitech Centre, Mumbai is approved as an 'other Institution' partly engaged in research effective 1 April 2001, subject to conditions that donations be used for scientific research; research is conducted by faculty or enrolled students; separate research books are maintained and audited with the audit report filed by the return due date; and a certified statement of donations and applications for research accompany the audit report. Approval may be withdrawn for failures in recordkeeping, audit or disclosure, for absence of genuine research activity, or for nonconformance with the statutory and regulatory conditions.
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) conditions donations for research, requiring separate audited accounts and risking withdrawal for noncompliance.
Scitech Centre, Mumbai is approved as an 'other Institution' partly engaged in research effective 1 April 2001, subject to conditions that donations be used for scientific research; research is conducted by faculty or enrolled students; separate research books are maintained and audited with the audit report filed by the return due date; and a certified statement of donations and applications for research accompany the audit report. Approval may be withdrawn for failures in recordkeeping, audit or disclosure, for absence of genuine research activity, or for nonconformance with the statutory and regulatory conditions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
