Approval under section 35(1)(ii) requires separate research accounts and annual audited returns to tax authorities. Approval under section 35(1)(ii) was granted to Burns Association of India, Bombay, as an 'Association' for research-related tax purposes, subject to maintaining a separate account for sums received for scientific research, furnishing annual returns of scientific research activities to the prescribed authority by 30 April each year, and submitting audited annual accounts and balance sheet with copies to the concerned Commissioner of Income-tax by 30 June each year.
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) requires separate research accounts and annual audited returns to tax authorities.
Approval under section 35(1)(ii) was granted to Burns Association of India, Bombay, as an "Association" for research-related tax purposes, subject to maintaining a separate account for sums received for scientific research, furnishing annual returns of scientific research activities to the prescribed authority by 30 April each year, and submitting audited annual accounts and balance sheet with copies to the concerned Commissioner of Income-tax by 30 June each year.
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