Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns and audited account submissions. Approval is granted to Escort Heart Institute and Research Centre, New Delhi, as an association for research-deduction purposes subject to conditions: maintain a separate account for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; submit audited annual accounts (income, expenditure, assets and liabilities) to the prescribed authority and provide copies to the concerned Commissioner of Income-tax by 30 June each year. The approval is effective from 19 June 1983 to 31 March 1985.
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.
Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns and audited account submissions.
Approval is granted to Escort Heart Institute and Research Centre, New Delhi, as an association for research-deduction purposes subject to conditions: maintain a separate account for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; submit audited annual accounts (income, expenditure, assets and liabilities) to the prescribed authority and provide copies to the concerned Commissioner of Income-tax by 30 June each year. The approval is effective from 19 June 1983 to 31 March 1985.
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