Research institution approval under tax law requires annual accounts and reporting to tax authorities by specified deadlines. Approval as a college for purposes of section 35(1)(ii) is granted subject to conditions: maintain a separate account for scientific research; furnish annual returns of scientific research activities to the prescribed authority by the annual deadline; and submit audited annual accounts and a balance sheet to the prescribed authority and furnish copies to the concerned Commissioner of Income tax by the specified annual date.
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.
Research institution approval under tax law requires annual accounts and reporting to tax authorities by specified deadlines.
Approval as a college for purposes of section 35(1)(ii) is granted subject to conditions: maintain a separate account for scientific research; furnish annual returns of scientific research activities to the prescribed authority by the annual deadline; and submit audited annual accounts and a balance sheet to the prescribed authority and furnish copies to the concerned Commissioner of Income tax by the specified annual date.
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