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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Mangalore University gains approval under Section 35(1)(iii) for research funding in Social Sciences with strict conditions.</h1> Mangalore University, Mangalore, has been approved under section 35(1)(iii) of the Income-tax Act, 1961, by the Indian Council of Social Science Research. The approval allows the university to collect funds for promoting research in Social Sciences, with specific conditions: funds must be used exclusively for this purpose, a separate account must be maintained, and an annual report with a statement of accounts must be submitted. Additionally, by June 30 each year, the university must provide income, expenditure, and balance-sheet documents to the prescribed authority and the Commissioner of Income-tax. Unutilized funds must be invested as per section 13(1)(d). The notification is valid for three years.
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