Approval under section 35(1)(ii) grants institutional research recognition subject to separate accounts and annual audited filings. Approval is granted to Maharogi Sewa Sumiti, Warora, as an institution for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act in the area of other natural and applied sciences, subject to conditions: maintain a separate account for research sums; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year in prescribed forms; and submit audited annual accounts, income and expenditure statements and a balance sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income tax.
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) grants institutional research recognition subject to separate accounts and annual audited filings.
Approval is granted to Maharogi Sewa Sumiti, Warora, as an institution for purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act in the area of other natural and applied sciences, subject to conditions: maintain a separate account for research sums; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year in prescribed forms; and submit audited annual accounts, income and expenditure statements and a balance sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income tax.
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