Research funding exemption approved, subject to exclusive use for social science research and strict accounting, reporting, and permitted investments. Approval is granted to Ustad Hafiz Ali Khan Memorial Society, New Delhi, under the research funding exemption, subject to conditions that funds be used exclusively for social science research, kept in separate accounts, reported annually with audited statements showing collection and utilization, and that unutilized donations be invested only in prescribed instruments such as government savings instruments, scheduled bank deposits, unit trusts, public sector company deposits, post office deposits and government company investments; approval is effective from notification and valid for three years.
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Provisions expressly mentioned in the judgment/order text.
Research funding exemption approved, subject to exclusive use for social science research and strict accounting, reporting, and permitted investments.
Approval is granted to Ustad Hafiz Ali Khan Memorial Society, New Delhi, under the research funding exemption, subject to conditions that funds be used exclusively for social science research, kept in separate accounts, reported annually with audited statements showing collection and utilization, and that unutilized donations be invested only in prescribed instruments such as government savings instruments, scheduled bank deposits, unit trusts, public sector company deposits, post office deposits and government company investments; approval is effective from notification and valid for three years.
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