Research institution approval under section 35(1)(ii) requires separate accounts, annual returns and audited accounts submission. Approval of Centre of Studies in Decentralised Industries, Bombay as an Institution under section 35(1)(ii) is conditional: maintain separate research accounts; furnish annual research activity returns to the prescribed authority by 30 April; and submit audited annual accounts, income and expenditure statements, and balance sheet to the prescribed authority by 30 June with copies to the Commissioner of Income-tax. The approval is time-limited from mid-July 1983 to mid-July 1986.
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Provisions expressly mentioned in the judgment/order text.
Research institution approval under section 35(1)(ii) requires separate accounts, annual returns and audited accounts submission.
Approval of Centre of Studies in Decentralised Industries, Bombay as an Institution under section 35(1)(ii) is conditional: maintain separate research accounts; furnish annual research activity returns to the prescribed authority by 30 April; and submit audited annual accounts, income and expenditure statements, and balance sheet to the prescribed authority by 30 June with copies to the Commissioner of Income-tax. The approval is time-limited from mid-July 1983 to mid-July 1986.
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