Research institution approval under section 35(1)(ii): subject to separate research accounts and annual returns and audited accounts. The Central India Institute of Medical Sciences, Nagpur is approved as an institution for scientific research under the Income-tax provision, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30 April each year, and submitting audited annual accounts and a balance-sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax. The approval is effective from 7 September 1984 to 31 March 1986.
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): subject to separate research accounts and annual returns and audited accounts.
The Central India Institute of Medical Sciences, Nagpur is approved as an institution for scientific research under the Income-tax provision, conditional on maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the prescribed authority by 30 April each year, and submitting audited annual accounts and a balance-sheet to the prescribed authority by 30 June each year with copies to the concerned Commissioner of Income-tax. The approval is effective from 7 September 1984 to 31 March 1986.
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