Exemption u/s 35(1) - Scientific research expenditure -Organization American Institute of Indian Studies, New Delhi.

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..... ral Government for the purpose 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 onwards in the category of Other Institution , partly engaged in research activities subject to the following conditions, namely:- ( i ) The sums paid to the appro .....

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..... 1) of section 139 of the said Act; ( 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 or audit referred to above. 2. The Central Government shall withdraw the approval if the approved organization:- ( a ) fails .....

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