Tax exemption approval under Section 35(1)(ii) conditioned on exclusive research use, separate accounts, and annual reporting. Approval is granted to the Economic & Scientific Research Foundation, New Delhi, for tax exemption under Section 35(1)(ii) subject to three conditions: exclusive use of funds for promotion of social science research; maintenance of separate accounts for funds raised under the exemption; and submission of an annual report and audited accounts to the prescribed authority showing funds collected and their utilisation. The approval is effective for a fixed three year period.
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.
Tax exemption approval under Section 35(1)(ii) conditioned on exclusive research use, separate accounts, and annual reporting.
Approval is granted to the Economic & Scientific Research Foundation, New Delhi, for tax exemption under Section 35(1)(ii) subject to three conditions: exclusive use of funds for promotion of social science research; maintenance of separate accounts for funds raised under the exemption; and submission of an annual report and audited accounts to the prescribed authority showing funds collected and their utilisation. The approval is effective for a fixed three year period.
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