https://www.taxtmi.com/notifications?id=6601 Approval for research deduction purposes has been granted to Indian Institute of Technology Bombay as a University partly engaged in research, effective from 1-4-2006, contingent on use of sums for scientific research and conduct of research by faculty or enrolled students. The institute must keep separate books of account for research receipts and expenditures, obtain and furnish an auditor's report with the income tax return, and provide a certified statement of donations and application of funds. The Government may withdraw approval for failure to maintain accounts, furnish reports, cease genuine research, or otherwise breach the statutory conditions. en-us Wed, 23 Jan 2008 00:00:00 +0530 Fri, 18 Jul 2008 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6601 Approval for research deduction purposes has been granted to Indian Institute of Technology Bombay as a University partly engaged in research, effective from 1-4-2006, contingent on use of sums for scientific research and conduct of research by faculty or enrolled students. The institute must keep separate books of account for research receipts and expenditures, obtain and furnish an auditor's report with the income tax return, and provide a certified statement of donations and application of funds. The Government may withdraw approval for failure to maintain accounts, furnish reports, cease genuine research, or otherwise breach the statutory conditions. Notifications Income Tax Wed, 23 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6601