Research funding exemption: approved institution must use exempt funds exclusively for research and submit audited annual reports. Approval recognizes Giri Institute of Development Studies as eligible for tax exemption under clause (iii) of sub section (1) of section 35, conditional on exclusive use of exempted funds for social science research, maintenance of a separate account for those funds, and submission of annual reports and audited accounts to the approving Council evidencing receipts and utilization.
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: approved institution must use exempt funds exclusively for research and submit audited annual reports.
Approval recognizes Giri Institute of Development Studies as eligible for tax exemption under clause (iii) of sub section (1) of section 35, conditional on exclusive use of exempted funds for social science research, maintenance of a separate account for those funds, and submission of annual reports and audited accounts to the approving Council evidencing receipts and utilization.
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