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TMI BlogU/s 35(1) (ii) of IT Act 1961 Central Government approved M/s. Manipal Academy of Higher Education, Manipal, KarnatakaX X X X Extracts X X X X X X X X Extracts X X X X ..... t the organization M/s. Manipal Academy of Higher Education, Manipal, Karnataka (PAN:- AAAJN0078Q) has 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 2015-16 and onwards in the category of 'University, College or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnishing the return of income under sub-section (1) of section 139 of the said Act; (iv) The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research, such donations shall be used exclusively for core scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y patent or other similar rights applied for or registered during the year; * programme of research projects to be undertaken during the forthcoming year and the financial allocation for such programme. 2. The Central Government shall withdraw the approval if the approved organization:- (a) fails to maintain separate books of accounts referred to in sub-paragraph (iii) of paragraph 1; or (b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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