Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific Research Expenditure –
Approval of Mangalore University, Mangalore as an organization in the category of
'University' partly engaged in research activities for purpose of section 35(1)(iii)
It is hereby notified for general information that the organization Mangalore University,
Mangalore has been approved by the Central 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 'University', partly engaged in research activities subject to the following
conditions, namely:-
i) The sums paid to the approved organization shall be utilized for research in social
sciences;
ii) The approved organization shall carry out research in social science or statistical
research through its faculty members or its enrolled students.
iii) The approved organization shall maintain separate books of accounts in respect of
the sums received by it for scientific research, reflect therein the amounts used for
carrying our research, get such books audited by an accountant as defined in the
explanation to sub-section (2) of section 288 of the said Act and furnish the report of
such audit duly signed the verified by such accountant to the Commissioner of
Income-tax or the Director of Income-tax having jurisdiction over the case, by the due
date of 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 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 accounts referred to in sub-paragraph (iii) of
paragraph 1; or
b. fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or
c. fails to furnish its statement of the donations received and sums applied for research
in social science or statistical research referred in sub-paragraph (iv) of paragraph 1;
or
d. ceases to carry on its research activities or its research activities are not found to be
genuine; or
e. ceases to confirm to and comply with the provisions of clause (iii) of sub-section
(1) of section 35 of the said Act read with rules 5C and 5E of the said Rules.
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