Approval under section 35(1)(ii): institutional recognition requires separate research accounts and annual audited returns. Approval under section 35(1)(ii) granted to Star Research Centre, Bombay as an 'Association' subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April; and submit audited annual accounts, showing total income, expenditure and balance sheet, to the prescribed authority and the concerned Commissioner of Income-tax by 30th June each year.
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): institutional recognition requires separate research accounts and annual audited returns.
Approval under section 35(1)(ii) granted to Star Research Centre, Bombay as an "Association" subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30th April; and submit audited annual accounts, showing total income, expenditure and balance sheet, to the prescribed authority and the concerned Commissioner of Income-tax by 30th June each year.
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