Research-expenditure approval under section 35(1)(ii) requires separate research accounts, annual returns, and audited submissions. Approval under section 35(1)(ii) as an Association for other natural and applied sciences is granted to Eye Research Centre, Madras, subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of scientific research activities to the prescribed authority by the prescribed annual deadline; and submit audited annual accounts, income and expenditure statements, and a balance-sheet to the prescribed authority with copies to the concerned Commissioner of Income-tax.
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-expenditure approval under section 35(1)(ii) requires separate research accounts, annual returns, and audited submissions.
Approval under section 35(1)(ii) as an Association for other natural and applied sciences is granted to Eye Research Centre, Madras, subject to conditions: maintain a separate account for scientific research receipts; furnish annual returns of scientific research activities to the prescribed authority by the prescribed annual deadline; and submit audited annual accounts, income and expenditure statements, and a balance-sheet to the prescribed authority with copies to the concerned Commissioner of Income-tax.
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