Exemption u/s 35(1) - Scientific research expenditure - The organization Mangalore University, Mangalore.

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..... urpose of clause ( iii ) 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), from Assessment year 2011-12 and onwards in the category of 'University', partly engaged in research activities subject to the following conditions: ( i ) The sums paid to the approved organization shall be utilized .....

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..... t; ( iv ) The approved organization shall maintain a separate statement of donations received and amounts applied for research in social science 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 ac .....

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