Exemption u/s 35(1) - Scientific research expenditure - Chettinad Academy of Research and Education, Kanchipuram

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..... as been approved by the Central Government for 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) , from assessment year 2010-11 onwards in the category of Other Institution , partly engaged in research activities subject to the following conditions, namely:- ( i ) .....

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..... tion 139 of the said Act; ( iv ) The approved organization 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 sep .....

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