Section 35(i)(ii) - sum paid to a scientific research association - weighted deduction of 1 1/3 times in the hands of contributors to sponsored research programmes approved by the prescribed authority u/s 35(2A).

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..... tute: Income - Tax Act, 1961 Reference is invited to Section 35(1)(ii) of the Income-tax Act, 1961 which provides that any sum paid to a scientific research association which has as its object the undertaking of scientific research or to a University, College, or other institution, to be used for scientific research will be allowed as deduction provided that such association, university, colleg .....

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..... ch programmes approved by the prescribed authority u/s 35(2A). 2. Approval u/s 35(1) (ii) (iii) is granted on the basis of the recommendation of the prescribed authority enumerated in rule 6 of the Income-tax Rules, 1962. A list of institutions approved so far in this connection is enclosed (Annexure). 3. It would be seen from the above that under the Income-tax Act various benefits are allo .....

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..... 2) to see whether the funds received have been utilized in carrying on the scientific research. In case any deviation is noticed, it may be referred to the prescribed authority for decision u/s 35(3) of the Income-tax Act through the Board. 6. A review of the accounts of the institutions in your charge may be undertaken and a report as to the result of review may kindly be sent to the Board by 3 .....

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