Approval under section 35(1)(ii) imposes accounting, annual returns and audited accounts obligations on the research society. Approval under section 35(1)(ii) recognises the Research Society of the Bombay College of Pharmacy as an 'Association' for purposes of research-related tax provisions, subject to maintaining a separate account for research receipts; furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year; and submitting audited annual accounts and a balance-sheet to the prescribed authority by 30th June each year, with copies forwarded to the concerned Commissioner of Income-tax. The approval is effective from 24th January 1984 to 31st March 1985.
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) imposes accounting, annual returns and audited accounts obligations on the research society.
Approval under section 35(1)(ii) recognises the Research Society of the Bombay College of Pharmacy as an "Association" for purposes of research-related tax provisions, subject to maintaining a separate account for research receipts; furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year; and submitting audited annual accounts and a balance-sheet to the prescribed authority by 30th June each year, with copies forwarded to the concerned Commissioner of Income-tax. The approval is effective from 24th January 1984 to 31st March 1985.
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