Research institution approval under Section 35(1)(ii) requires use-of-funds, audit, and certified donation reporting for compliance. Lokmanya Medical Research Centre, Pune is approved under Section 35(1)(ii) effective 1-4-2006 as an institution partly engaged in research, subject to conditions: funds must be used for scientific research; research conducted by faculty or enrolled students; separate books for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a certified statement of donations and amounts applied for research must accompany the audit report. Approval may be withdrawn for failures to comply or for non-genuine or ceased research activity.
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 under Section 35(1)(ii) requires use-of-funds, audit, and certified donation reporting for compliance.
Lokmanya Medical Research Centre, Pune is approved under Section 35(1)(ii) effective 1-4-2006 as an institution partly engaged in research, subject to conditions: funds must be used for scientific research; research conducted by faculty or enrolled students; separate books for research receipts and expenditures must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a certified statement of donations and amounts applied for research must accompany the audit report. Approval may be withdrawn for failures to comply or for non-genuine or ceased research activity.
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