Exemption approval requires funds used solely for social science research with separate accounts and annual reporting obligations. The Consumer Education & Research Centre, Ahmedabad is approved for an institutional income-tax exemption provided funds received under the exemption are used exclusively for the promotion of social science research, are kept in separate accounts, and are reported annually by statement of accounts and annual report to the prescribed authority and the concerned tax commissioner detailing collections and their utilization.
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Provisions expressly mentioned in the judgment/order text.
Exemption approval requires funds used solely for social science research with separate accounts and annual reporting obligations.
The Consumer Education & Research Centre, Ahmedabad is approved for an institutional income-tax exemption provided funds received under the exemption are used exclusively for the promotion of social science research, are kept in separate accounts, and are reported annually by statement of accounts and annual report to the prescribed authority and the concerned tax commissioner detailing collections and their utilization.
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