Approval under section 35(1)(ii) confirms research institution status with conditional recordkeeping, reporting and annual audit submissions. Vision Research Foundation, Madras is approved under section 35(1)(ii) as an Association on condition that it maintains a separate account for research funds, furnishes annual returns of scientific research activities to the prescribed authority by 30 April each year, and submits audited annual accounts including income, expenditure and a balance-sheet to the prescribed authority by 30 June with a copy to the Commissioner of Income-tax; approval effective 26 March 1984 to 31 March 1985.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii) confirms research institution status with conditional recordkeeping, reporting and annual audit submissions.
Vision Research Foundation, Madras is approved under section 35(1)(ii) as an Association on condition that it maintains a separate account for research funds, furnishes annual returns of scientific research activities to the prescribed authority by 30 April each year, and submits audited annual accounts including income, expenditure and a balance-sheet to the prescribed authority by 30 June with a copy to the Commissioner of Income-tax; approval effective 26 March 1984 to 31 March 1985.
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