Research institution approval under section 35 requires separate research accounts and annual audited returns to tax authorities. Approval under section 35(1)(ii) was granted to Deccan Education Society's Fergusson College, Pune, as a 'College' for scientific research, subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June each year. The approval is effective for a limited period from September 1984 to 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 requires separate research accounts and annual audited returns to tax authorities.
Approval under section 35(1)(ii) was granted to Deccan Education Society's Fergusson College, Pune, as a "College" for scientific research, subject to conditions: maintain a separate account for research receipts; furnish annual returns of scientific research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and balance sheet to the prescribed authority and the concerned Commissioner of Income-tax by 30 June each year. The approval is effective for a limited period from September 1984 to March 1986.
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