Approved institution status for scientific research allows tax recognition subject to reporting and accounting requirements. Approval is granted to the Kothari Institute of Medical Sciences, Calcutta, as an approved institution under clause (ii) of sub section (1) of section 35 of the Income tax Act for natural and applied sciences research, subject to conditions: maintain separate research accounts; furnish annual returns of research activities by 30 April each year; and submit audited accounts and balance sheet with copies to the prescribed authority and the concerned Commissioner of Income tax by 30 June each year. The approval is effective from 16 February 1985 to 31 March 1987.
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.
Approved institution status for scientific research allows tax recognition subject to reporting and accounting requirements.
Approval is granted to the Kothari Institute of Medical Sciences, Calcutta, as an approved institution under clause (ii) of sub section (1) of section 35 of the Income tax Act for natural and applied sciences research, subject to conditions: maintain separate research accounts; furnish annual returns of research activities by 30 April each year; and submit audited accounts and balance sheet with copies to the prescribed authority and the concerned Commissioner of Income tax by 30 June each year. The approval is effective from 16 February 1985 to 31 March 1987.
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