Research deduction approval under section 35 conditions institution to keep separate research accounts and file annual audited returns. Approval under section 35(1)(ii) is granted to Assam Science Society as an approved research association, subject to maintaining a separate account for research receipts; furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year; and submitting audited annual accounts, including income and expenditure statements and balance-sheet, to the prescribed authority and the concerned Commissioner of Income-tax by 30th June each year.
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 deduction approval under section 35 conditions institution to keep separate research accounts and file annual audited returns.
Approval under section 35(1)(ii) is granted to Assam Science Society as an approved research association, subject to maintaining a separate account for research receipts; furnishing annual returns of scientific research activities to the prescribed authority by 30th April each year; and submitting audited annual accounts, including income and expenditure statements and balance-sheet, to the prescribed authority and the concerned Commissioner of Income-tax by 30th June each year.
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