Approval under section 35(1)(ii) conditions tax recognition on research institution compliance with accounting, annual returns, and audited accounts. Approval under section 35(1)(ii) is granted to the Addiction Research Centre, Madras as an association engaged in scientific research, conditioned on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the prescribed authority in prescribed forms, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority and the concerned Commissioner of Income-tax within the specified annual deadlines.
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) conditions tax recognition on research institution compliance with accounting, annual returns, and audited accounts.
Approval under section 35(1)(ii) is granted to the Addiction Research Centre, Madras as an association engaged in scientific research, conditioned on maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities to the prescribed authority in prescribed forms, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the prescribed authority and the concerned Commissioner of Income-tax within the specified annual deadlines.
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