Approval under section 35(1)(ii) requires research funds use, audited accounts, and certified donation statements for compliance. Approval is granted to Christian Medical College Ludhiana Society as an approved organisation for research effective 1 April 2005, subject to conditions: sums paid must be used for scientific research; research must be carried out through faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations received and amounts applied for research must accompany the audit report. The Central Government may withdraw approval for non compliance or if research is not genuine.
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.
Approval under section 35(1)(ii) requires research funds use, audited accounts, and certified donation statements for compliance.
Approval is granted to Christian Medical College Ludhiana Society as an approved organisation for research effective 1 April 2005, subject to conditions: sums paid must be used for scientific research; research must be carried out through faculty or enrolled students; separate books of account for research receipts and expenditures must be maintained and audited with the audit report furnished to the tax authority by the return due date; and a separate auditor certified statement of donations received and amounts applied for research must accompany the audit report. The Central Government may withdraw approval for non compliance or if research is not genuine.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
