Approval under Section 35(1)(ii) conditional on scientific research use, audited separate accounts and certified donation statements. Approval is granted to Banaras Hindu University in the category of University for purposes of clause (ii) of sub section (1) of section 35, read with Rules 5C and 5E, effective 1 4 2007, subject to conditions requiring that sums received be utilized for scientific research carried out by faculty or enrolled students, that separate books of account for such sums be maintained and audited by a qualified accountant with the audit report furnished to the tax authorities by the return due date, and that a certified statement of donations and amounts applied to research accompany the audit; approval may be withdrawn for non compliance or cessation of genuine research.
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Provisions expressly mentioned in the judgment/order text.
Approval under Section 35(1)(ii) conditional on scientific research use, audited separate accounts and certified donation statements.
Approval is granted to Banaras Hindu University in the category of University for purposes of clause (ii) of sub section (1) of section 35, read with Rules 5C and 5E, effective 1 4 2007, subject to conditions requiring that sums received be utilized for scientific research carried out by faculty or enrolled students, that separate books of account for such sums be maintained and audited by a qualified accountant with the audit report furnished to the tax authorities by the return due date, and that a certified statement of donations and amounts applied to research accompany the audit; approval may be withdrawn for non compliance or cessation of genuine research.
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