Approval under section 35(1)(ii) recognizes research expenditure eligibility subject to separate accounting and annual reporting requirements. Approval is granted to the All India Heart Foundation, New Delhi as an approved institution under section 35(1)(ii) for scientific research recognition, subject to maintaining separate research accounts, furnishing annual returns of research activities by 30 April, and submitting audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the 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) recognizes research expenditure eligibility subject to separate accounting and annual reporting requirements.
Approval is granted to the All India Heart Foundation, New Delhi as an approved institution under section 35(1)(ii) for scientific research recognition, subject to maintaining separate research accounts, furnishing annual returns of research activities by 30 April, and submitting audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the Commissioner of Income-tax.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
