Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Research funding exemption requires separate accounts, exclusive use for social science research and annual reporting obligations. Exemption under section 35(1)(ii) was granted to the Indian Institute of Education, Poona, subject to conditions: the institute must maintain separate accounts for funds received under the exemption; utilise those funds exclusively to promote research in social sciences; and submit an annual report to the prescribed authority showing funds collected under the exemption and how they were utilised.
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 funding exemption requires separate accounts, exclusive use for social science research and annual reporting obligations.
Exemption under section 35(1)(ii) was granted to the Indian Institute of Education, Poona, subject to conditions: the institute must maintain separate accounts for funds received under the exemption; utilise those funds exclusively to promote research in social sciences; and submit an annual report to the prescribed authority showing funds collected under the exemption and how they were utilised.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.