Approval under section 35(1)(ii): tax recognition subject to separate research accounts and annual audited returns to authorities. Approval under section 35(1)(ii) is granted to The Nutrition Foundation of India, New Delhi, as an approved institution for natural and applied sciences, subject to: maintaining a separate account for research receipts; furnishing annual research-activity returns to the prescribed authority by 30th April each year; and submitting audited annual accounts, income and expenditure statements, and a balance sheet to the prescribed authority and the Commissioner of Income-tax by 30th June each year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii): tax recognition subject to separate research accounts and annual audited returns to authorities.
Approval under section 35(1)(ii) is granted to The Nutrition Foundation of India, New Delhi, as an approved institution for natural and applied sciences, subject to: maintaining a separate account for research receipts; furnishing annual research-activity returns to the prescribed authority by 30th April each year; and submitting audited annual accounts, income and expenditure statements, and a balance sheet to the prescribed authority and the Commissioner of Income-tax by 30th June each year.
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