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Approved institution status under section 35(1)(ii): requires separate research accounts and annual audited filings by set deadlines. Approval is granted to Amala Cancer Research Centre Society as an approved institution under section 35(1)(ii) of the Income-tax Act, categorised as an 'Association' and effective from November 20, 1984 to March 31, 1986. The approval is subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and balance-sheet to the prescribed authority by 30 June each year, with copies to the Commissioner of Income-tax.
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Provisions expressly mentioned in the judgment/order text.
Approved institution status under section 35(1)(ii): requires separate research accounts and annual audited filings by set deadlines.
Approval is granted to Amala Cancer Research Centre Society as an approved institution under section 35(1)(ii) of the Income-tax Act, categorised as an "Association" and effective from November 20, 1984 to March 31, 1986. The approval is subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of research activities to the prescribed authority by 30 April each year; and submit audited annual accounts and balance-sheet to the prescribed authority by 30 June each year, with copies to the Commissioner of Income-tax.
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