Notification u/s 35(1) (ii) - Approved organization - Amrita Vishwa Vidhyapcetham University Kochi

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....the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), assessment year 2013-2014 and onwards in the category of "University College and other Institution", engaged in research activities subject to the following conditions, namely:-- (i) The sums paid to the approved organization sh....

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.... shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw the approval if the approved organization- (a) fails to maintain separate books of accounts as referred to in sub-paragraph (iii) of paragr....