Approval under section 35(1)(ii) conditions tax recognition on separate research accounts and annual audited filings. Approval under section 35(1)(ii) recognizes Development Alternatives, New Delhi as an approved Association for natural and applied sciences research, subject to conditions: maintain a separate account for sums received for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and a balance-sheet to the prescribed authority by 30 June with copies to the concerned Commissioner of Income-tax. The approval is effective from 11 February 1984 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.
Approval under section 35(1)(ii) conditions tax recognition on separate research accounts and annual audited filings.
Approval under section 35(1)(ii) recognizes Development Alternatives, New Delhi as an approved Association for natural and applied sciences research, subject to conditions: maintain a separate account for sums received for scientific research; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and a balance-sheet to the prescribed authority by 30 June with copies to the concerned Commissioner of Income-tax. The approval is effective from 11 February 1984 to 31 March 1985.
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