Research deduction approval: organization allowed donor tax benefit subject to use for scientific research and audit compliance. Schizophrenia Research Foundation (India), Chennai, is approved under clause (ii) of sub section (1) of section 35 as an 'other Institution' from 1 April 2006, subject to conditions: sums must be used for scientific research; research must be carried out by faculty or enrolled students; separate books of account must be maintained and audited by a qualified accountant with the audit report filed by the income tax return due date; and a certified statement of donations received and amounts applied to research must accompany the audit report.
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 deduction approval: organization allowed donor tax benefit subject to use for scientific research and audit compliance.
Schizophrenia Research Foundation (India), Chennai, is approved under clause (ii) of sub section (1) of section 35 as an "other Institution" from 1 April 2006, subject to conditions: sums must be used for scientific research; research must be carried out by faculty or enrolled students; separate books of account must be maintained and audited by a qualified accountant with the audit report filed by the income tax return due date; and a certified statement of donations received and amounts applied to research must accompany the audit report.
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