https://www.taxtmi.com/notifications?id=116972 Institute of Liver & Biliary Sciences, New Delhi is approved under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E for AY 2012-13 onwards as a research institution, subject to conditions: research funds must be used for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditure must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for failures to comply or if research is not genuine. en-us Wed, 22 Jan 2014 00:00:00 +0530 Fri, 01 Aug 2014 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116972 Institute of Liver & Biliary Sciences, New Delhi is approved under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E for AY 2012-13 onwards as a research institution, subject to conditions: research funds must be used for scientific research; research carried out by faculty or enrolled students; separate books of account for research receipts and expenditure must be maintained and audited by a qualified accountant with the audit report filed by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for failures to comply or if research is not genuine. Notifications Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116972