Research institution approval under section 35(1)(ii) requires separate research accounts and annual audited reporting. Resources Development Institute, Bhopal is approved as an Institution for tax recognition of scientific research, effective 11-5-1984 to 31-3-1987, by the Department of Science & Technology. Approval is conditional on maintaining a separate account for research receipts, filing annual returns of research activities to the prescribed authority by 30 April, and submitting audited annual accounts and balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June.
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 section 35(1)(ii) requires separate research accounts and annual audited reporting.
Resources Development Institute, Bhopal is approved as an Institution for tax recognition of scientific research, effective 11-5-1984 to 31-3-1987, by the Department of Science & Technology. Approval is conditional on maintaining a separate account for research receipts, filing annual returns of research activities to the prescribed authority by 30 April, and submitting audited annual accounts and balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June.
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