Approval under section 35(1)(ii): research association approved subject to separate accounts, annual returns and audited accounts. Approval under section 35(1)(ii) is granted to Universal Digital Communication Research Institute, New Delhi, as an 'Association' subject to maintaining a separate account for sums received for scientific research, furnishing annual returns of scientific research activities to the prescribed authority in prescribed forms and submitting audited annual accounts and balance-sheet showing income, expenditure, assets and liabilities to the prescribed authority and the concerned Commissioner of Income-tax within specified annual deadlines.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 35(1)(ii): research association approved subject to separate accounts, annual returns and audited accounts.
Approval under section 35(1)(ii) is granted to Universal Digital Communication Research Institute, New Delhi, as an "Association" subject to maintaining a separate account for sums received for scientific research, furnishing annual returns of scientific research activities to the prescribed authority in prescribed forms and submitting audited annual accounts and balance-sheet showing income, expenditure, assets and liabilities to the prescribed authority and the concerned Commissioner of Income-tax within specified annual deadlines.
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