Section 35 research exemption: approval requires exclusive research use, annual reporting, and prescribed investment of unutilized funds. Approval under section 35(1)(iii) permits Mangalore University to receive tax-exempt donations provided those funds are used exclusively for promotion of social science research, maintained in a separate account with annual reporting to the prescribed authority, annual submission of income/expenditure statements and balance-sheet to the prescribed authority and the Commissioner by 30 June, and any unutilized funds are invested in prescribed government or specified institutional instruments; approval is valid for three years.
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.
Section 35 research exemption: approval requires exclusive research use, annual reporting, and prescribed investment of unutilized funds.
Approval under section 35(1)(iii) permits Mangalore University to receive tax-exempt donations provided those funds are used exclusively for promotion of social science research, maintained in a separate account with annual reporting to the prescribed authority, annual submission of income/expenditure statements and balance-sheet to the prescribed authority and the Commissioner by 30 June, and any unutilized funds are invested in prescribed government or specified institutional instruments; approval is valid for three years.
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