Research exemption approval: organization authorized subject to utilization, accounting, audit and reporting conditions, compliance required. Approval under section 35(1)(ii) has been granted to The Voluntary Health Services, Chennai as an other institution partly engaged in scientific research, subject to conditions requiring utilization of funds for research, research through faculty or students, maintenance of separate books of accounts for research receipts and expenditure, an accountant's audit with report furnished to the tax authorities by the return due date, and a separate auditor certified statement of donations and amounts applied for research; approval may be withdrawn for specified failures or non compliance.
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 exemption approval: organization authorized subject to utilization, accounting, audit and reporting conditions, compliance required.
Approval under section 35(1)(ii) has been granted to The Voluntary Health Services, Chennai as an other institution partly engaged in scientific research, subject to conditions requiring utilization of funds for research, research through faculty or students, maintenance of separate books of accounts for research receipts and expenditure, an accountant's audit with report furnished to the tax authorities by the return due date, and a separate auditor certified statement of donations and amounts applied for research; approval may be withdrawn for specified failures or non compliance.
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