Approval under section 35(1)(ii): institute must maintain separate research accounts, file annual returns and audited accounts. Approval is granted to the Institute for Financial Management and Research, Madras, under section 35(1)(ii) of the Income-tax Act as an Institution, subject to maintaining separate accounts for scientific research, furnishing prescribed annual returns of research activities by 30 April each year, and submitting audited annual accounts and balance sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax; approval is effective from 1 April 1984 to 31 March 1986.
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): institute must maintain separate research accounts, file annual returns and audited accounts.
Approval is granted to the Institute for Financial Management and Research, Madras, under section 35(1)(ii) of the Income-tax Act as an Institution, subject to maintaining separate accounts for scientific research, furnishing prescribed annual returns of research activities by 30 April each year, and submitting audited annual accounts and balance sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax; approval is effective from 1 April 1984 to 31 March 1986.
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