Approval under section 35 research provision requires approved institutions to maintain separate research accounts and file annual audited returns. Approval designates Bhaskaracharya Pratishthana, Poona, as an approved institution under clause (ii) of sub-section (1) of section 35 read with rule 6, subject to compliance: maintain a separate account for research receipts; furnish annual returns of scientific research activities in prescribed forms to the prescribed authority each financial year; and submit audited annual accounts, income and expenditure statements, and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax within prescribed annual deadlines.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35 research provision requires approved institutions to maintain separate research accounts and file annual audited returns.
Approval designates Bhaskaracharya Pratishthana, Poona, as an approved institution under clause (ii) of sub-section (1) of section 35 read with rule 6, subject to compliance: maintain a separate account for research receipts; furnish annual returns of scientific research activities in prescribed forms to the prescribed authority each financial year; and submit audited annual accounts, income and expenditure statements, and balance-sheet to the prescribed authority and the concerned Commissioner of Income-tax within prescribed annual deadlines.
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